Tachibana Eletech Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.19% for ¥475.2 million.
February 07, 2022 at 07:15 am
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Tachibana Eletech Co., Ltd. (TSE:8159) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.19% of its issued share capital (excluding treasury stock), for a total purchase price of ¥475.12 million. The shares will be repurchased at a price of ¥1,584 per share.
The purpose of the program is to enable the execution of agile capital policies that correspond to the business environment. The program will be valid till February 8, 2022. As of January 31, 2022, the company had 25,237,519 issued shares (excluding treasury stock) and 787,723 treasury shares.
TACHIBANA ELETECH CO., LTD. is a Japan-based company mainly engaged in the sale of the factory automation (FA) equipment, industrial machinery, industrial devices, semiconductor and electronic devices and equipment, as well as the provision of maintenance and service for related business. The Company operates through three business segments. FA System segment offers programmable controllers, inverters, and electrical discharge machines. Semiconductor Device segment provides semiconductors and electric devices. Information Communication segment provides radiofrequency identification (RFID) system, surveillance cameras and thin clients. Facility segment provides air-conditioning equipment, solar power generation systems, all-electric appliances, room air conditioners, elevators, among others. The Company is also involved in the support for customers with contract manufacturing of electronic equipment (EMS) and contract manufacturing of metal processing (MMS).
TACHIBANA ELETECH CO., LTD. 
