Tera Probe, Inc. announces an Equity Buyback for 185,000 shares, representing 1.99% for ¥150 million.
February 14, 2019 at 01:00 am EST
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Tera Probe, Inc. (TSE:6627) announces a share repurchase program. Under the program, the company will repurchase up to 185,000 shares, representing 1.99% of its share capital, for ¥150 million. The company will repurchase its shares in order to return part of the profit from the sale of fixed assets to shareholders recorded as a result of the transfer of its semiconductor testing service to Micron Japan, Ltd.. The share repurchase program will run until June 21, 2019. As of February 14, 2019, the company had 9,282,314 shares outstanding (excluding treasury shares) and 186 shares in treasury.
Tera Probe, Inc. is a Japan-based company mainly engaged in wafer testing, and final test consignment. The Company operates in two business segments. The Memory segment is mainly engaged in the contract wafer testing business of dynamic random access memory (DRAM) produced by semiconductor manufacturers and fabrication factories. The System Large-scale Integration (LSI) segment is principally involved in the contract wafer testing business of semiconductor products such as System on Chips (SoCs), image sensors and analogs produced by domestic and international semiconductor manufacturers and fabrication factories. This segment also operates contract final testing business.
TERA PROBE, INC. 
