A&D Company, Limited announces an Equity Buyback for 1,000,000 shares, representing 4.65% for ¥476 million.
February 06, 2017
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A&D Company, Limited (TSE:7745) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 4.65% of the outstanding shares, at ¥476 per share for ¥476 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2017, the company had 21,488,420 shares outstanding and 1,091,280 shares in treasury.
A&D Holon Holdings Co Ltd, formerly A&D Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of measuring instrument, medical and healthcare equipment. The Company operates through two segments. The Measuring Instrument segment provides measuring, control and simulation systems, electron guns for semiconductor exposure apparatus, analog to digital (AD) and digital to analog (DA) converters, testing machines, environmental measuring instrument, electronic balances, platform scales, indicators, counting scales and load cells. The Medical and Healthcare Equipment segment offers digital hemopiezometers for home use, blood pressure monitors, full automatic hemopiezometers, precision weighing scales and ultrasonic inhalators.