Ikegami Tsushinki Co., Ltd. announces an Equity Buyback for 726,000 shares, representing 1.13% for ¥89.3 million.
May 25, 2016
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Ikegami Tsushinki Co., Ltd. (TSE:6771) announces a share repurchase program. Under the program, the company will repurchase 726,000 common shares, representing 1.13% of the outstanding shares, excluding treasury shares at ¥123 per share for a total of ¥89.3 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment. As of March 31, 2016, the company had 64,507,008 shares outstanding and 8,350,460 shares in treasury.
IKEGAMI TSUSHINKI CO., LTD. is a Japan-based company mainly engaged in the development, manufacture, sale and service of information and communication equipment. The Company mainly operates in Japan, North America, Latin America, Europe, the Middle East, Africa, West Asia, Southeast Asia, Oceania, and other regions. The Company is also engaged in the repair and service of information and communication equipment. Main products include broadcast video equipment, file-based equipment, transmission and communication equipment, video system equipment, broadcast video monitors, security products, medical products, image processing inspection machines and printing equipment.
IKEGAMI TSUSHINKI CO., LTD. 
