Hikari Tsushin, Inc. announces an Equity Buyback for 450,000 shares, representing 1% for ¥5,000 million.
March 28, 2022 at 04:00 am EDT
Share
Hikari Tsushin, Inc. (TSE:9435) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 1% of its issued share capital (excluding treasury stock), for ¥5,000 million. The purpose of the program is to carry out agile capital policies and promote further return of profits to shareholders.
The program will run until May 15, 2022. As of February 28, 2022, the company had 45,152,191 shares in issue (excluding treasury stock) and 397,451 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. 
