HIKARI TSUSHIN, INC. : Notice of Determination of Matters Related to Share Repurchase Through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
December 04, 2013 at 08:57 pm EST
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Press Release
December 4, 2013
HIKARI TSUSHIN, INC. (TSE First Section 9435) Takeshi Tamamura, President and COO
Tel : +81-3-5951-3718
Notice of Determination of Matters Related to Share Repurchase Through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
(Repurchase of Company Shares Pursuant to the Articles of Incorporation
and the provisions of Article 165, Paragraph 2 of the Corporate Law)
Hikari Tsushin, Inc. announced that its board of directors resolved at a meeting under the date of December 4, 2013, that the company will acquire the Company's own shares of its stock as provided by its Article 156 of the Corporate Law of Japan as applied pursuant to Article 165, Paragraph 3 and the specific methods of acquisition as follows:
1. Reason for Acquisition of Treasury Stock
The company has been conducting dividend payments and acquisition of treasury stock as part of its action to return profits to shareholders. The acquisition of treasury stock concerned with this
announcement is also aimed at enabling a flexible implementation of capital policies in response to changes in business circumstances.
2. Methods of Acquisition
The company will instruct its agent to purchase treasury stock through off-auction own share repurchase trading (ToSTNet-3) at the Tokyo Stock Exchange at 8:45a.m.on December 5, 2013 at the value of 7,810yen, which was the closing price on December 4, 2013 reflecting final special
quotes. No change will be made to other trading systems or the trading time. The buying order in question is effective solely at the trading time in question.
3. Contents of the matters concerning the acquisition
(1) Class of shares to be acquired Shares of common stock of the Company
(2) Total number of shares to be acquired (Not exceed) 1,664,500 Shares
Ratio thereof to the total number of issued shares
3.52% (excluding shares of treasury stock)
(3) Aggregate acquisition prices of shares (Not exceed) ¥12,999,745,000
(4) Announcement of the results The results of acquisition will be announced after the close of trading at 8:45a.m.on December 5,
2013
Note 1: No change is made to the number of shares. The company may not carry out the acquisition in whole or in part due to market trends and other factors.
Note 2: The repurchase will be made with sell orders equivalent to the number of shares to be acquired.
Reference
The company's treasury stock holdings as of December 3, 2013
Total number of shares (excluding treasury stock) 47,326,250 shares
Shares held as treasury stock 2,023,392 shares
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.
HIKARI TSUSHIN, INC. 
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