HIKARI TSUSHIN : Completion and Results of Share Repurchase
March 22, 2016 at 11:10 pm EDT
Share
Notice of repurchase of shares
Press Release
March 17, 2016 HIKARI TSUSHIN, INC. (TSE First Section 9435)
Takeshi Tamamura, President and COO
Tel : +81-3-5951-3718
Completion and Results of Share Repurchase
Hikari Tsushin, Inc. announced details of repurchase of shares according to the resolution adopted at the Article 156 of the Companies Act of Japan as modified by Article 165, Paragraph 3 of the Act, the Company purchased its own shares as follows.
Below are the results of the share buyback initiated by Hikari Tsushin as was decided in February 12, 2016 board meeting. This marks the end of our share buyback.
Details of Repurchase:
(1) Share repurchases period
March 1, 2016 to March 17, 2016
(2) Type of shares repurchased
Common-stock
(3) Total number of shares repurchased
178,400shares
(4) Total cost of shares repurchased
¥1,477,821,000
(5) Method of repurchase
Market transaction on the Tokyo Stock Exchange
For Reference:
(1) Class of shares to be acquired
Shares of common stock of the Company
(2) Total number of shares to be acquired
(Not exceed) 500,000 shares
Ratio thereof to the total number of issued shares 1.06% (excluding shares of treasury stock)
(3) Aggregate acquisition prices of shares
(Not exceed) ¥3,000,000,000
(4) Acquisition period
February 15, 2016 through March 31, 2016
Details of Resolution Adopted at Board of Directors Meeting under the date of February 12, 2016
(1) Total number of shares repurchased
373,300shares
(2) Total cost of shares repurchased
¥2,999,655,000
Total treasury stock during the share repurchase period
(1) Total number of shares
(Excluding shares of treasury stock)
46,467,727 shares
(2) Shares held as treasury stock
1,281,915 shares
The Company's treasury stock holdings as March 17, 2016
Hikari Tsushin Inc. issued this content on 17 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2016 03:09:23 UTC
Original Document: https://eng.hikari.co.jp/wp-content/uploads/ENoticeofrepurchaseofshares7.pdf
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.