Tanaka Co.,Ltd. announces an Equity Buyback for 510,000 shares, representing 5.99% for ¥398.82 million.
January 18, 2024 at 02:00 am EST
Share
Tanaka Co.,Ltd. (TSE:7619) announces a share repurchase program. Under the program, the company will repurchase up to 510,000 shares, representing 5.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥398.82 million. The shares will be repurchased at a price of ¥782 per share.
The purpose of the program is to carry out flexible capital policies in response to changes in the business environment, as well as improve capital efficiency and enhance shareholder returns. As of January 18, 2024, the company has 8,832,000 issued shares and 324,384 treasury shares.
TANAKA CO., LTD. is a Japan-based company mainly engaged in the wholesale of electrical equipment materials, the manufacture and sale of connectors for cable televisions, as well as the installment of electrical equipment. Its lighting equipment includes fluorescent lights, incandescent light equipment, high-intensity discharging lights, blast prevention equipment, ventilators and duct fans. Its electric wires include high- and low-voltage electric wires, communication cables, insulated wires, synthetic rubber wires and others. Its distribution boards include high-voltage receiving facilities, control panels, communication equipment and disaster prevention equipment, among others. Its household products include household electronics, housing equipment, office automation (OA) equipment. Its other products include security and measurement equipment. As of March 31, 2014, the Company had two subsidiaries.
TANAKA CO.,LTD. 
