DKK Co., Ltd. announces an Equity Buyback for 1,300,000 shares, representing 11.99% for ¥2,500 million.
February 10, 2023 at 02:00 am EST
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Denki Kogyo Co.,Ltd. (TSE:6706) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 11.99% of its issued share capital, for ¥2,500 million. The purpose of the program is to strengthening growth investments and shareholder returns, while ensuring financial discipline.
The repurchase program will be valid till January 31, 2024. As of January 31, 2023, the company has 10,839,488 issued shares (excluding treasury stock) and 1,260,512 treasury shares.
DKK Co Ltd, formerly Denki Kogyo Co Ltd is a company mainly engaged in the electric communication- and high frequency-related business. The Company operates in two business segments. The Electric Communication segment is engaged in the manufacture, construction and sale of various antennas, reflector plates, steel towers and steel structures, plating processing of various telecommunications equipment and steel frames, as well as construction of electric communication facilities. The High Frequency-related segment is engaged in the manufacture and sale of high frequency induction heating equipment, various high-frequency power supplies for plasma, as well as processing of High-frequency heat treatment. The Company is also involved in the equipment lending business and solar power distribution business.
DKK CO., LTD. 
