CTS Co., Ltd. announces an Equity Buyback for 300,000 shares, for ¥300 million.
April 30, 2021 at 02:30 am
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CTS Co., Ltd. (TSE:4345) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 0.7% of the outstanding shares for ¥300 million. The purpose of the program is to implement agile capital policies and improve shareholder value in response to changes in the business environment. The program will run until March 31, 2022. As of April 30, 2021, the company had 42,679,155 shares outstanding and 720,845 shares in treasury.
CTS Co., Ltd. is a Japan-based construction information and communication technology (ICT) company mainly engaged in the system and survey measurement business. The Company operates through three business segments. The System segment is engaged in the rental and sale of a complete set of information technology (IT) infrastructure such as fixed Internet protocol (IP) telephone service, line service, information sharing system, data backup service, network camera, cloud service and system equipment. The Surveying and Measurement segment is engaged in the rent and sale of i-Construction related systems such as one-man surveying systems, rolling control systems, three dimensions (3D) scanners, 3D measurement and data creation agency. The House Fixtures segment is engaged in the rent and sale of unit houses and fixtures. It is also engaged in the sale of road signs and their construction, and safety equipment.
CTS CO., LTD. 
