Ono Sokki Co., Ltd. announces an Equity Buyback for 900,000 shares, representing 8.03% for ?454.5 million.
November 10, 2021 at 07:30 am
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Ono Sokki Co., Ltd. (TSE:6858) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 8.03% of its issued share capital (excluding treasury stock), for a total purchase price of ?454.5 million. The purpose of the program is to avoid the impact of the sale of the shares on the supply and demand of the stock market and improving capital efficiency. As of September 30, 2021, the company had 11,213,218 issued shares (excluding treasury stock) and 986,782 treasury shares.
ONO SOKKI Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of measuring equipment. The Company operates in three business segments. The Measuring Equipment segment is engaged in the manufacture and sale of various sensors, rotation and velocity measuring equipment, dimension and displacement measuring equipment, sound and vibration measuring equipment, torque measuring equipment, motor vehicle performance measuring equipment, software and data analysis equipment assembled by these measuring equipment. The Special Order Test Equipment and Service segment provides special test equipment for research, development and quality control, consultation services related to sound and vibration areas, after-sales services of the products and engineering services. The Company is also involved in non-life insurance agency business, as well as management businesses of land, buildings and equipment, and other commissioned business.
ONO SOKKI CO., LTD. 
