Nihon Denkei Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1.73% for ¥460 million.
November 08, 2023 at 11:00 pm EST
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Nihon Denkei Co.,Ltd. (TSE:9908) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.73% of its issued share capital (excluding treasury stock), for ¥460 million. The purpose of the program is to implement flexible capital policy that responds to changes in the business environment while striving to enhance shareholder returns and improve capital efficiency.
The program will run until June 30, 2024. As of October 31, 2023, the company had 11,567,430 shares in issue (excluding treasury stock) and 251,077 shares in treasury.
NIHON DENKEI CO.,LTD. is a Japan-based company mainly engaged in the sale, repair and calibration of electronic measuring instruments. The Company operates in three regional segments including Japan, China and Others. The Company is mainly engaged in the sale and manufacture of electronic measuring instruments, various system equipment, electronic components, as well as leasing and rental business. The business items include electronic measuring instruments, measuring instruments for communication, computers and peripherals, automatic and labor-saving equipment, measuring instruments for physics and chemistry, industrial application equipment, measuring instruments for production processes, environmental testing instruments, optical measuring instruments, and educational experiments, electronic parts, mechanical parts, measuring instrument leasing and rental services, curio dealers, building construction, jumping and construction business.
NIHON DENKEI CO.,LTD. 
