Hikari Tsushin, Inc. announces an Equity Buyback for 350,000 shares, representing 0.79% for ¥5,000 million.
November 13, 2023 at 01:00 am EST
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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 0.79% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to implement a flexible capital policy and acquire treasury stock to promote further return of profits to shareholders.
The repurchase program is valid till January 31, 2024. As of October 31, 2023, the company had 44,342,846 shares outstanding excluding treasury shares and had 706,796 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. 
