Ono Sokki Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 2.19% for ¥200 million.
March 19, 2018 at 04:00 am EDT
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Ono Sokki Co., Ltd. (TSE:6858) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.19% of the outstanding shares for ¥200 million. The purpose of the program is to enhance capital efficiency, implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until June 22, 2018. As of February 28, 2018, the company had 11,394,314 shares outstanding and 1,105,686 shares in treasury.
ONO SOKKI Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of measuring equipment. The Company operates in three business segments. The Measuring Equipment segment is engaged in the manufacture and sale of various sensors, rotation and velocity measuring equipment, dimension and displacement measuring equipment, sound and vibration measuring equipment, torque measuring equipment, motor vehicle performance measuring equipment, software and data analysis equipment assembled by these measuring equipment. The Special Order Test Equipment and Service segment provides special test equipment for research, development and quality control, consultation services related to sound and vibration areas, after-sales services of the products and engineering services. The Company is also involved in non-life insurance agency business, as well as management businesses of land, buildings and equipment, and other commissioned business.
ONO SOKKI CO., LTD. 
