Denki Kogyo Co.,Ltd. announces an Equity Buyback for 1,100,000 shares, representing 9.26% for ¥2,500 million.
February 10, 2022 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 1,100,000 shares, representing 9.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment.
The repurchase program will be valid till December 31, 2022. As of January 31, 2022, the company has 11,874,108 issued shares (excluding treasury stock) and 2,210,737 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. 
