Aichi Tokei Denki Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 0.46% for ¥120 million.
January 31, 2023 at 12:00 am
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Aichi Tokei Denki Co., Ltd. (TSE:7723) announces a share repurchase program. Under the program the company will repurchase 70,000 shares, representing 0.46% of the outstanding shares for ¥120 million. The purpose of the program is to secure treasury shares for transfer to in the restricted stock compensation program.
The program will expire on March 31, 2023. As of December 31, 2022, the company had 15,360,184 shares outstanding and 59,816 shares in treasury.
Aichi Tokei Denki Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of measuring equipment and other special equipment. The Measuring Instrument segment carries four types of products: gas-related equipment, which include utility gas meters, liquefied petroleum (LP) gas meters, industrial meters, pressure equipment, gas meter systems and others; water work-related equipment, including various water supply meters, industrial water meters and sewage meters, bill management systems, emergency report systems for elderly housing and others; civil sensors and systems, including flow instrument and flow sensors, as well as instrumentation which include measuring, monitoring and control systems. The other businesses include the manufacture and sale of special equipment, such as precision molds.
AICHI TOKEI DENKI CO., LTD. 
