Nihon Kohden : Announces Acquisition of Own Shares and Cancellation of Treasury Shares
May 13, 2024 at 02:06 am EDT
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These documents have been translated from Japanese originals for reference purposes only. In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail.
May 13, 2024
NIHON KOHDEN CORPORATION (6849)
Stock Exchange Listing:
Prime Market, Tokyo Stock Exchange
Head Office:
Tokyo
Representative:
Hirokazu Ogino, Representative Director, President and Chief Executive Officer
Contact:
Fumio Izumida, Operating Officer, General Manager of Corporate Strategy Division
Phone: +81 / 3-5996-8003
Nihon Kohden Announces Acquisition of Own Shares and
Cancellation of Treasury Shares
(Acquisition of own shares under the provisions of its Articles of Incorporation pursuant to the provisions of Article 165, Paragraph (2) of the Companies Act and Cancellation of treasury shares pursuant to Article 178 of the Companies Act)
Nihon Kohden today announced that its Board of Directors held on May 13, 2024 has resolved to acquire its own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act, as well as to cancel treasury shares pursuant to Article 178 of the Companies Act.
Reasons for Acquisition of Own Shares and Cancellation of Treasury Shares To improve capital efficiency and to return further profits to shareholders.
Details of Matters related to Acquisition
(1)
Class of shares to be acquired:
Common shares of the Company
(2)
Total number of shares to be acquired:
Up to 6,000,000 shares* (3.57% of the total number of
issued shares excluding treasury shares)
(3)
Total amount of share acquisition costs:
Up to 10,000,000,000 yen
(4)
Acquisition period:
From August 5, 2024, to March 31, 2025
(5)
Method of acquisition:
Market purchase on the Tokyo Stock Exchange
3. Details of Matters related to Cancellation
(1)
Class of shares to be cancelled:
Common shares of the Company
(2)
Number of shares to be cancelled:
5,500,000 shares* (3.11% of the total number of shares
issued before the cancellation)
(3)
Date of cancellation:
July 19, 2024
Effective July 1, 2024, each share of common stock will be split into two shares and the above number of shares is the number after the stock split.
(Reference)
1. Number of treasury shares held after stock split on July 1, 2024 (Forecast) Total number of issued shares excluding treasury shares: 167,793,220 shares
Total number of treasury shares:8,668,740 shares
2. The total number of shares issued after the cancellation will be 170,961,960 shares.
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NIHON KOHDEN CORPORATION is a Japan-based company engaged in the research, development, manufacture and sale of medical electronic equipment, as well as the provision of maintenance and repair services. The Company mainly operates medical electronics related business. The Company offers electroencephalograph, electromyographic, evoked potential testing equipment, electrocardiographs, cardiac catheterization equipment, diagnostic information systems and related consumables (paper, electrodes, catheters and others), biological information monitors, clinical information systems, artificial respiration, artificial ear, hemocytometer, ultrasonic diagnostic equipment, research equipment and transformers, among others. The Company is also engaged in the sales promotion for its products, as well as the general affair-related and manpower dispatching businesses.
NIHON KOHDEN CORPORATION 
