Aiphone Co., Ltd. closed an Equity Buyback in the amount of ¥321.6 mm
August 23, 2013 at 05:00 am
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The Board of Directors of Aiphone Co., Ltd. (TSE:6718) authorized a share repurchase program on July 30, 2013. Under the program, the company will repurchase up to 200,000 shares, representing 1.07% of its issued share capital, for a total cost of up to ¥360 million. The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment. Repurchases will be made in accordance with the stipulations of paragraph 3, Article 165, of Japan's Corporate Law, as interpreted in lieu of Article 156 of Japan's Corporate Law. The plan will commence on July 31, 2013 and will continue until December 31, 2013. As of June 30, 2013, the company has 18,721,893 shares outstanding and 1,952,235 shares held in treasury.
As part of the plan, the company decided to repurchase up to 100,000 shares, representing 0.53% at a price of ¥1,596 per share, for a total of ¥159.6 million. Repurchase will be made by a way of Off-auction Own Share Repurchase. Repurchase will take place on July 31, 2013.
On July 31, 2013, Aiphone completed its ToSTNeT-3 program announced on July 30, 2013.
On August 22, 2013, the company decided to repurchase up to 100,000 shares, representing 0.53% at a price of ¥1,620 per share, for a total of ¥162 million. Repurchases will be made through off-hours treasury share trading (ToSTNeT-3). Repurchase will take place on August 23, 2013.
Aiphone Co., Ltd. completed its share repurchase program on August 23, 2013. Under the plan, the company has repurchased 200,000 shares, representing 1.07% for ¥321.6 million.
Aiphone Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of telecommunications equipment. The Company is involved in the manufacture and sale of products in five geographic business segments including Japan, Thailand, Vietnam, North America and Europe. The Companyâs main products consist of detached houses systems, collective housing systems, medical and welfare facilities systems, offices and factories systems. In addition, the Company also provides installation, contract and repair services for its products. The Companyâs main products include television door phone, VIXUS, raku touch, security television door phone recording 1& 3, NFX, NBM-DN and others. In addition, the Company is engaged in the software development business.
AIPHONE CO.,LTD. 
