Techno Horizon Holdings Co. Ltd.'s Equity Buyback in the amount of ¥55.77 mm has expired
August 09, 2012 at 12:00 am EDT
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The Board of Directors of Techno Horizon Holdings Co. Ltd. (JASDAQ:6629) authorized a share repurchase program on August 8, 2012. Under the plan, the company will repurchase up to 330,000 common shares, representing 2.39% of the total outstanding shares, at ¥169 per share, for a total cost of ¥55.77 million. The repurchases will take place in Osaka Securities Exchange J-NET Market on August 9, 2012. The acquisition will be executed if equivalent orders are placed. Due to market conditions, a part or whole share could not be acquired. The buyback is based in compliance with Article 165, Clause 2, of Japan's Corporate Law. The purpose of the share buyback plan is to conduct a flexible capital policy in compliance with changes in business environment. As of August 8, 2012, the company has 13,805,345 shares (excluding treasury shares) in issue and 7,257,895 shares in treasury.
Techno Horizon Holdings Co. Ltd.'s share repurchase program expired on August 9, 2012. Under the plan, the company repurchased 327,000 common shares, representing 2.37% of the total outstanding shares, for a total cost of ¥55.26 million.
Techno Horizon Co Ltd, formerly Techno Horizon Holdings Co Ltd, is a Japan-based company mainly engaged in the development, manufacture and sale of optical equipment and electronic equipment. The Company operates in two business segments. The Optical segment is engaged in the development, manufacture and sale of precision optical components, including document cameras, surveillance cameras, optical units, commercial car carry equipment and others. The Company is also engaged in the manufacture of resin molded parts. The Electronics segment is engaged in the development, manufacture and sale of electronics equipment, including robot controller equipment, computer numerical control (CNC) equipment and other factory automation (FA) related equipment. The Company is also engaged in the development, manufacture and sale of medical electronic equipment.