Aichi Tokei Denki Co., Ltd. announces an Equity Buyback for 20,000 shares, representing 0.39% for ¥80 million.
May 10, 2017 at 01:00 am EDT
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Aichi Tokei Denki Co., Ltd. (TSE:7723) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.39% of its share capital, for ¥80 million. The company will repurchase its shares to prepare for shares to be issued upon exercise of stock options (stock acquisition rights). The share repurchase program will run until June 26, 2017. As of March 31, 2017, the company had 5,135,985 shares outstanding (excluding treasury shares) and 4,015 shares in treasury.
Aichi Tokei Denki Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of measuring equipment and other special equipment. The Measuring Instrument segment carries four types of products: gas-related equipment, which include utility gas meters, liquefied petroleum (LP) gas meters, industrial meters, pressure equipment, gas meter systems and others; water work-related equipment, including various water supply meters, industrial water meters and sewage meters, bill management systems, emergency report systems for elderly housing and others; civil sensors and systems, including flow instrument and flow sensors, as well as instrumentation which include measuring, monitoring and control systems. The other businesses include the manufacture and sale of special equipment, such as precision molds.
AICHI TOKEI DENKI CO., LTD. 