Hikari Tsushin, Inc. announces an Equity Buyback for 500,000 shares, representing 1.09% for ¥9,900 million.
May 13, 2021 at 11:00 pm EDT
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Hikari Tsushin, Inc. (TSE:9435) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥9,900 million. The purpose of the program is to carry out agile capital policy and promote further return of profits to shareholders. The program will be valid till July 30, 2021. As of March 31, 2021, the company had 45,883,096 issued shares (excluding treasury stock) and 666,546 treasury 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. 
