TechnoPro Holdings, Inc. announces an Equity Buyback for 1,000,000 shares, representing 0.94% for ¥2,500 million.
March 29, 2024 at 02:00 am EDT
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TechnoPro Holdings, Inc. (TSE:6028) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 0.94% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of repurchase program is to create value by implementing flexible capital policies (such as improving capital efficiency) aimed at the sustainable growth of the company.
The repurchase program is valid till June 28, 2024. As of February 29, 2024, the company had 106,842,635 shares outstanding excluding treasury shares and had 457,365 shares in treasury.
TechnoPro Holdings Inc is a Japan-based company mainly engaged in dispatch and contract engineers in the fields of machinery, electrical/electronics, embedded control, software development and maintenance, biochemistry and construction management. It operates through four business segments. Research and Development (R&D) Outsourcing segment provides engineer dispatch and contract work in the technical fields of machinery, electric & electronics, embedded control, information technology networks, business applications, system maintenance and operation. Construction Management Outsourcing segment dispatches engineers for construction management in the areas of construction, civil engineering. It also provides contract work for creating architectural drawings. Overseas segment provides technology outsourcing and recruitment services in China, Singapore, India and the United Kingdom. Domestic and Other segment provides recruitment services and technical education and training services.
TECHNOPRO HOLDINGS, INC. 
