HOYA : Notice Regarding the Status of Share Repurchases and the Termination of the Share Repurchase Plan
January 14, 2018 at 11:44 pm EST
Share
January 15, 2018
Company Name: HOYA CORPORATION Representative: Hiroshi Suzuki, President and CEO (Code: 7741, the First Section of the Tokyo Stock Exchange)
Contact: Corporate Development Office Telephone:+81-(0)3-6911-4825(IR)/6911-4824(PR)
Notice Regarding the Status of Share Repurchases and the Termination of the
Share Repurchase Plan
(Based on Articles of Incorporation pursuant to Article 459.1 of the Companies Act of Japan)
HOYA CORPORATION ("The Company") today announced the status of the Company's own share repurchase under its repurchase plan based on Article 39 of Articles of Incorporation pursuant to Article 459.1of the Companies Act of Japan as below.
The Company's share repurchase plan resolved by the Board of Directors on December 8, 2017 has been terminated as of January 12, 2018.
Details of Share Repurchase
(1) Class of shares
Common stock
(2) Number of shares repurchased
1,691,900
(3) Total repurchases amount
9,688,851,200yen
(4) Period of share repurchases
January 4, 2018 to January 12, 2018
(5) Method of repurchases
Purchase on the Tokyo Stock Exchange
Note: The above repurchase information has been prepared on the basis of execution date.
For reference
1. The following details were resolved by the Company's Board of Directors on December 8, 2017.
(1) Class of shares
Common stock
(2) Number of own shares repurchased
5.6 million shares (maximum)
(1.46% of total shares outstanding, excluding
treasury stock)
(3) Amount to be paid for repurchase
30 billion yen (maximum)
(4) Period of share repurchase
December 11, 2017 to March 9, 2018
(5) Method of repurchase:
Purchase on the Tokyo Stock Exchange
2. The accumulative number of own shares repurchased until January 12, 2018, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased:
5,291,100shares (1.39% of total shares outstanding, excluding treasury stock)
2. Total accumulative repurchase amount:29,999,814,500 yen
Hoya Corporation published this content on 15 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 January 2018 04:44:01 UTC.
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Hoya Corporation specialises in the manufacture and commercialisation of optical products. Net sales break down by business segment as follows:
- health (66%): manufacturing of health care products (75.4% of sales; eyeglass lenses and contact lenses) and medical products (24.6%; endoscopes, medical accessories, intraocular lenses, artificial bones and metal implants for orthopedics);
- information technology (33.1%): manufacturing of electronic products (78.2% of sales; photomasks for semiconductors, masks and devices for LCD screens and hard disks) and imaging products (21.8%; optical lenses, optical glasses and laser equipment);
- other (0.9%).
Net sales are distributed geographically as follows: Japan (28.9%), China (8.2%), Asia (24.7%), Europe (19.3%), the United States (15.1%), the Americas (2.4%) and others (1.4%).