Nippon Antenna Co. Ltd. announces an Equity Buyback for 150,000 shares, representing 1.19% for ¥89.85 million.
May 12, 2016
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Nippon Antenna Co. Ltd. (JASDAQ:6930) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.19% of its outstanding shares excluding treasury shares for ¥89.85 million. The shares will be repurchased at the stock price of ¥599 per share on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment, enhance capital efficiency and to increase shareholders’ profits. As of May 13, 2016, the company had 12,602,670 outstanding shares excluding treasury shares and 1,697,330 shares in treasury.
NIPPON ANTENNA CO.,LTD. is a Japan-based company mainly engaged in manufacturing and sales of transmission and reception products as well as telecommunications engineering business. The Company operates in two segments. The Transmission and Reception Products Manufacturing segment is engaged in the development, manufacturing and sales of antennas and receivers for terrestrial digital broadcasting. The Engineering segment is engaged in the telecommunications engineering such as cable television (CATV) engineering, etc.