Takachiho Koheki Co.,Ltd. announces an Equity Buyback for 450,000 shares, representing 4.81% for ¥464.85 million.
November 05, 2018 at 02:00 am EST
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Takachiho Koheki Co.,Ltd. (TSE:2676) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 4.81% of the outstanding shares, at ¥1,033 per share for ¥464.85 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of October 31, 2018, the company had 9,355,764 shares outstanding and 816,036 shares in treasury.
TAKACHIHO KOHEKI CO., LTD. is a Japan-based company engaged in the search and development of technology products, the import and export business of products, as well as the installation, maintenance and system design of products. The Company operates through two business segments. The System segment is engaged in the provision of consulting service, system design service, system operation service, as well as installation and maintenance service of system equipment mainly for security products. This segmentâs products include security products, such as advanced fire protection systems, other solution products including network equipment, and customer service products. The Device segment is mainly engaged in the sale and consultation of products, such as semiconductors and mechanical parts. This segmentâs products include electronic products, such as semiconductors, electronic components and industrial products, such as slide rails, gas springs and keys.
TAKACHIHO KOHEKI CO.,LTD. 
