TS TECH Co., Ltd. announces an Equity Buyback for 10,000,000 shares, representing 7.43% for ¥10,000 million.
January 28, 2022 at 01:00 am EST
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TS TECH Co., Ltd. (TSE:7313) announces a share repurchase program. Under the program, the company will repurchase 10,000,000 shares, representing 7.43% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to improve capital efficiency and implement agile capital policy.
The program will run until December 30, 2022. As of December 31, 2021, the company had 134,515,242 shares outstanding (excluding treasury shares) and 1,484,758 shares in treasury.
TS TECH CO., LTD. is a Japan-based company mainly engaged in manufacture and sale of two-wheel vehicle seats and interior components. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The Americas segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The China segment is engaged in the manufacture and sale of four-wheel vehicle seats and interior components. The Asia and Europe segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel seats and interior components.
TS TECH CO., LTD. 