TOBA, INC. announces an Equity Buyback for 70,000 shares, representing 1.64% for ¥194.6 million.
February 09, 2022 at 02:45 am EST
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TOBA, INC. (JASDAQ:7472) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.64% of its issued share capital (excluding treasury stock), for ¥194.6 million. The shares will be repurchased at a price of ¥2,780 per share.
The purpose of the program is to implement agile capital policies in response to changes in the business environment and to increase shareholder profits by improving capital efficiency. The program will run until February 10, 2022. As of January 31, 2022, the company had 4,313,357 shares in issue (excluding treasury stock) and 686,643 shares in treasury.
TOBA,INC. is mainly engaged in the sales of control equipment, factory automation (FA) equipment and industrial equipment. The control equipment includes pneumatic devices, electronic sensors, pressure sensors, fluid couplings, vacuum devices and cushioning materials. FA equipment includes industrial robots, automatic assembly machines, surface mounting systems, laser processing machines and precision coating equipment. Industrial equipment includes electric screwdrivers, aluminum frames, automatic guided vehicles, conveyors, filtration filters and environmental systems. In addition, The Company is also engaged in the consulting to improve the efficiency of production facilities related to the above, machinery and equipment installation work and antiques trading business.
TOBA, INC. 
