TOBA, INC. announces an Equity Buyback for 80,000 shares, representing 1.96% for ¥249.2 million.
November 13, 2023 at 12:35 pm IST
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TOBA, INC. (TSE:7472) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.96% of its issued share capital (excluding treasury stock), for a total purchase price of ¥249.2 million. The shares will be repurchased at a price of ¥3,115 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 November 13, 2023, the company has 4,091,152 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. 
