Tachibana Eletech Co. Ltd. announces an Equity Buyback for 320,000 shares, representing 1.25% for ¥355.2 million.
August 04, 2016
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Tachibana Eletech Co. Ltd. (TSE:8159) announces a share repurchase program. Under the program, the company will repurchase 320,000 shares, representing 1.25% of the outstanding shares, at ¥1,110 per share for ¥355.2 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment. As of July 31, 2016, the company had 25,559,779 shares outstanding and 465,463 shares in treasury.
TACHIBANA ELETECH CO., LTD. is a Japan-based company mainly engaged in the sale of the factory automation (FA) equipment, industrial machinery, industrial devices, semiconductor and electronic devices and equipment, as well as the provision of maintenance and service for related business. The Company operates through three business segments. FA System segment offers programmable controllers, inverters, and electrical discharge machines. Semiconductor Device segment provides semiconductors and electric devices. Information Communication segment provides radiofrequency identification (RFID) system, surveillance cameras and thin clients. Facility segment provides air-conditioning equipment, solar power generation systems, all-electric appliances, room air conditioners, elevators, among others. The Company is also involved in the support for customers with contract manufacturing of electronic equipment (EMS) and contract manufacturing of metal processing (MMS).
TACHIBANA ELETECH CO., LTD. 
