TechnoPro Holdings, Inc. announces an Equity Buyback for 2,000,000 shares, representing 1.88% for ¥5,000 million.
August 08, 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 2,000,000 shares, representing 1.88% of its issued share capital, for ¥5,000 million. The purpose of the program is to execute a flexible capital policy (improving capital efficiency, etc.) for the sustainable growth of group while taking into consideration cash on hand and stock price levels, etc., and to create value.
The program will expire on March 31, 2025. As of July 31, 2024, the company had 106,400,000 shares (excluding treasury stock) and 446,472 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. 
