TOBA, INC. announces an Equity Buyback for 70,000 shares, representing 1.75% for ¥252 million.
May 27, 2024 at 08:30 am
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TOBA, INC. (TSE:7472) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥252 million. The shares will be repurchased at a price of ¥3,600 per share.
The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and increase shareholder returns through improved capital efficiency. As of May 27, 2024, the company has 4,010,452 shares outstanding (excluding treasury shares) and has 608,848 shares in treasury.
TOBA,INC. is mainly engaged in the sales of control equipment, factory automation (FA) equipment and industrial equipment. The control equipment includes pneumatic devices, electronic sensors, pressure sensors, fluid couplings, vacuum devices and cushioning materials. FA equipment includes industrial robots, automatic assembly machines, surface mounting systems, laser processing machines and precision coating equipment. Industrial equipment includes electric screwdrivers, aluminum frames, automatic guided vehicles, conveyors, filtration filters and environmental systems. In addition, The Company is also engaged in the consulting to improve the efficiency of production facilities related to the above, machinery and equipment installation work and antiques trading business.
TOBA, INC. 
