SAXA Holdings, Inc. announces an Equity Buyback for 300,000 shares, representing 0.51% for ¥66.6 million.
March 16, 2017
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SAXA Holdings, Inc. (TSE:6675) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.51% of its share capital, at ¥222 per share for ¥66.6 million. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to improve capital efficiency and enable the implementation of a flexible capital policy which responds to changes in the business environment. As of February 28, 2017, the company had 58,724,843 shares outstanding (excluding treasury shares) and 3,724,778 shares in treasury.
SAXA Holdings, Inc. is a Japan-based holding company engaged in the development, manufacture and distribution of information communication system related equipment and components, as well as the provision of related services. The Company provides network solutions, such as key telephone systems and network equipment and others; and security solutions, such as security equipment, telemetering equipment and integrated circuit (IC) equipment.
SAXA HOLDINGS, INC. 
