Ono Sokki Co., Ltd. announces an Equity Buyback for 630,000 shares, representing 5.05% for ¥600 million.
March 17, 2015
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Ono Sokki Co., Ltd. (TSE:6858) announces a share repurchase program. Under the program, the company will repurchase up to 630,000 shares, representing 5.05% of its share capital, for a total of ¥600 million. The purpose of the program is to enhance the capital efficiency and to execute a flexible capital policy corresponding to the changes in the business environment and to improve the shareholders' profit.
The share repurchase program is valid until February 29, 2016. As of March 18, 2015, the company had 12,481,223 outstanding shares excluding treasury shares and 518,777 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. 
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