Techno Medica Co., Ltd. announces an Equity Buyback for 1,220,000 shares, representing 15.08% for ¥2,836.5 million.
December 14, 2023 at 12:30 pm IST
Share
Techno Medica Co., Ltd. (TSE:6678) announces a share repurchase program. Under the program, the company will repurchase up to 1,220,000 shares, representing 15.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,836.5 million. The shares will be repurchased at a price of ¥2,325 per share.
The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of November 30, 2023, the company had 8,089,944 issued shares (excluding treasury stock) and 670,056 treasury shares.
Techno Medica Co., Ltd. is a Japan-based company mainly engaged in development, manufacture, sale and export of analysis device for clinical examination equipment and other medical equipment, as well as devices repair services. The blood collection tube preparation apparatus business provides blood collection peripheral equipment, such as blood and urine collection automation reception equipment, among others, as well as blood tube preparation systems. The laboratory test apparatus business provides blood gas analysis apparatus, electrolyte analyzers, erythrocyte sedimetation rate measuring machines, among others. The consumable goods business provides blood collecting tubes, labels, sensor cards, calibration packs, among others, as well as maintenance services.
TECHNO MEDICA CO., LTD. 
