Hikari Tsushin, Inc. announces an Equity Buyback for 350,000 shares, representing 0.78% for ¥5,000 million.
May 16, 2023 at 02:00 am EDT
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Hikari Tsushin, Inc. (TSE:9435) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 0.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to carry out a flexible capital policy and return profits to shareholders.
The program will be valid till July 31, 2023. As of March 31, 2023, the company had 44,704,411 shares outstanding (excluding treasury shares) and had 345,231 shares in treasury.
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. 
