Tranche Update on Tachibana Eletech Co., Ltd.'s Equity Buyback Plan announced on June 5, 2023.
March 21, 2024 at 02:30 am EDT
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From January 1, 2024 to March 19, 2024, the company has repurchased 208,500 shares, representing 0.86% for ¥657.2 million. With this, the company has completed the repurchase of 1,000,000 shares, representing 4.05% for ¥2,951.34 million under the buyback announced on June 5, 2023.
TACHIBANA ELETECH CO., LTD. is a Japan-based company mainly engaged in the sale of the factory automation (FA) equipment, industrial machinery, industrial devices, semiconductor and electronic devices and equipment, as well as the provision of maintenance and service for related business. The Company operates through three business segments. FA System segment offers programmable controllers, inverters, and electrical discharge machines. Semiconductor Device segment provides semiconductors and electric devices. Information Communication segment provides radiofrequency identification (RFID) system, surveillance cameras and thin clients. Facility segment provides air-conditioning equipment, solar power generation systems, all-electric appliances, room air conditioners, elevators, among others. The Company is also involved in the support for customers with contract manufacturing of electronic equipment (EMS) and contract manufacturing of metal processing (MMS).
TACHIBANA ELETECH CO., LTD. 
