Nihon Dengi Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 0.86% for ¥325.85 million.
July 26, 2023 at 03:20 am EDT
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Nihon Dengi Co., Ltd. (JASDAQ:1723) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.86% of its share capital, at ¥4,655 per share for ¥325.85 million in total. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment.
As of July 26, 2023, the company had 8,094,334 shares outstanding (excluding treasury shares) and 103,166 shares in treasury.
NIHON DENGI CO., LTD. is a Japan-based company primarily engaged in the design and construction of automatic control systems, as well as the sale of automatic control equipment. The Company has two business segments. The Air Conditioning Instrumentation segment is engaged in the design, construction, maintenance and inspection of automatic control systems for air conditionings for nonresidential buildings such as office buildings, factories, hospitals, laboratories, schools, commercial facilities and others, as well as the sale of automatic control equipment for air conditionings such as automatic control panels, sensors and thermostats. The Industrial Instrumentation segment is engaged in the design, construction, maintenance and inspection of automatic control systems for various manufacturing processes of food and drug plants, and transport lines of post offices and newspaper companies, as well as the sale of controllers, flow meters, industrial valves and other control equipment.
NIHON DENGI CO., LTD. 
