Techno Medica Co., Ltd. announces an Equity Buyback for 400,000 shares, for ¥724.4 million.
May 10, 2023 at 01:00 pm IST
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Techno Medica Co., Ltd. (TSE:6678) announces an share repurchase program. Under the program the company will repurchase 400,000 shares, representing 4.72% of the outstanding shares for ¥724.4 million. The shares will be repurchased at a price of ¥1,811 per share.
The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will run until May 11, 2023. As of April 30, 2023, the company had 8,472,949 shares outstanding and 287,051 shares in treasury.
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. 
