Denki Kogyo Co.,Ltd. announces an Equity Buyback for 120,000 shares, for ¥305.4 million.
November 10, 2021 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 120,000 shares, representing 1% of its issued share capital, for ¥305.4 million. The shares will be repurchased at a price of ¥2,545 per share. The purpose of the program is to improve capital efficiency, implement agile capital policies in response to changes in the business environment, and return profits to shareholders. The program will expire on November 11, 2021. As of October 31, 2021, the company had 11,994,226 shares in issue (excluding treasury stock) and 2,090,619 shares in treasury.
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. 
