Tone Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 2.65% for ¥200 million.
October 13, 2022 at 03:00 am EDT
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Tone Co., Ltd. (TSE:5967) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.65% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to enable execution of flexible capital policy in response to changes in the business environment. The program will continue through May 31, 2023. As of August 31, 2022, the company had 2,260,406 issued shares (excluding treasury stock) and 82,194 treasury shares.
On December 1, 2022, the company announced an stock split at a ratio of 5 shares to 1. Now, the plan term shares will be 300,00 shares.
TONE CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of work tools and equipment. The Company primarily provides work tools, torque management equipment and bolt fastening equipment, and sells them both domestically and overseas. The Company operates in three business segments, including East Japan, West Japan and Overseas. Each segment sells work tools, torque management equipment and bolt fastening equipment.
TONE CO., LTD. 
