Toukei Computer Co., Ltd. announces an Equity Buyback for 370,000 shares, representing 4% for ¥1,811.15 million.
September 16, 2021 at 12:30 pm IST
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Toukei Computer Co., Ltd. (TSE:4746) announces a share repurchase program. Under the program, the company will repurchase up to 370,000 shares, representing 4% of its share capital, for ¥1,811.15 million. The shares will be repurchased at a price of ¥4,895 per share. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will expire on September 17, 2021. As of June 30, 2021, the company had 9,251,569 shares in issue(excluding treasury stock) and 98,431 shares in treasury.
Toukei Computer Co., Ltd. is a Japan-based company mainly engaged in the information processing and software development, equipment sales, and leasing business. The Company operates through three business segments. Information Processing and Software Development business is engaged in the software development services, system operation services, and facility service services. The Equipment Sales business is engaged in the sale of various personal computers (PCs) and peripheral equipment. Leasing and Other business is engaged in the leasing of computers, office equipment, and real estate.