Ono Sokki Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 5.05% for ¥400 million.
April 26, 2016 at 12:59 am EDT
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Ono Sokki Co., Ltd. (TSE:6858) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 5.05% of its issued share capital excluding treasury shares, for a total of ¥400 million. The purpose of the repurchase program is to improve capital efficiency, implement a flexible capital policy corresponding to changes in the business environment and to increase shareholder profits.
The share repurchase program is valid until October 31, 2016. As of March 31, 2016, the company had 11,873,544 shares outstanding excluding treasury shares and had 1,126,456 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. 
