Hochiki Corporation announces an Equity Buyback for 4,300,000 shares, representing 14.8% for ¥4,691.3 million.
February 07, 2016
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Hochiki Corporation (TSE:6745) announces a share repurchase program. Under the program, the company will repurchase up to 4,300,000 shares, representing 14.8% of its outstanding shares for¥4,691.3 million. The shares will be repurchased at the closing stock price of ¥1,091 as on February 8, 2016. The company will repurchase its shares through the off-auction own share repurchase method. The purpose of the program is the implementation of a flexible capital policy corresponding to the changes in the business environment. As of January 31, 2016, the company had 29,051,425 outstanding shares excluding treasury shares and 120,575 shares in treasury.
Robert Bosch Investment Nederland B.V. participated in the transaction and disposed off its entire shareholding of 39,630 shares.
HOCHIKI CORPORATION is a Japan-based company mainly engaged in the manufacture, sale, installation and maintenance of fire alarms, fire fighting equipment, information and communication equipment, security equipment, as well as the development of non-life insurance agency service business and other related business. The Company operates through two business segments. The Disaster Prevention segment is engaged in the manufacture and sale of fire alarm and fire extinguishing equipment. The main products are involved in automatic fire alarm equipment, emergency alarm, fire alarm equipment, sprinkler fire extinguishing equipment and tunnel fire prevention system. The Information Communication segment provides information communication equipment and security equipment. The main products are involved in TV joint receiving facilities, terrestrial digital broadcast receiving systems, access control systems and key management systems.
HOCHIKI CORPORATION 
