TS TECH Co., Ltd. announces an Equity Buyback for 8,610,000 shares, representing 6.74% for ¥15,000 million.
May 09, 2024
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TS TECH Co., Ltd. (TSE:7313) announces a share repurchase program. Under the program, the company will repurchase 8,610,000 shares, representing 6.74% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to increase corporate value by optimizing our capital structure through sustainable business growth through growth investments and enhanced shareholder returns.
The program will run until March 31, 2025. As of March 31, 2024, the company had 127,756,956 shares outstanding (excluding treasury shares) and 8,243,044 shares in treasury.
TS TECH CO., LTD. is a Japan-based company mainly engaged in manufacture and sale of two-wheel vehicle seats and interior components. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The Americas segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The China segment is engaged in the manufacture and sale of four-wheel vehicle seats and interior components. The Asia and Europe segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel seats and interior components.
TS TECH CO., LTD. 
