Kanda Tsushinki Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 2.52% for ¥100 million.
March 24, 2023 at 02:10 am EDT
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Kanda Tsushinki Co., Ltd. (TSE:1992) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.52% of its issued share capital for ¥100 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.
The program is valid till September 29, 2023. As of March 23, 2023, the company had 2,381,038 shares issued (excluding treasury stock) and 242,189 shares in treasury.
KANDA TSUSHINKI CO., LTD. is a Japan-based company mainly engaged in the information communication business. The Company has three business segments. The Information and Communications segment is engaged in the sale of telephone switching equipment, various network systems, information equipment and software, the planning, construction and support of information systems, as well as the sale, design, construction and maintenance of wireless-related equipment, closed-circuit television (CCTV), broadcasting and other electronic equipment, and the design and maintenance of telecommunications equipment. The Lighting Control segment is engaged in the planning, proposal, construction and support of lighting control equipment, as well as the provision of solutions tailored to society through taking advantage of the position as SIer of the international standard digital addressable lighting interface (DALI) control. The Real Estate segment is engaged in the leasing of owned real estate.
KANDA TSUSHINKI CO., LTD. 