Press Release
February 12, 2016 HIKARI TSUSHIN, INC. (TSE First Section 9435)
Takeshi Tamamura, President and COO
Tel : +81-3-5951-3718
Announcement Regarding Determination of Matters Related to Share Repurchase (Repurchase of Company Shares Pursuant to the Articles of Incorporation
and the provisions of Article 165, Paragraph 2 of the Corporate Law)
Hikari Tsushin, Inc. announced that its board of directors resolved at a meeting under the date of February 12, 2016 that the Company will acquire the Company's own shares of its stock as provided by its Article 156 of the Corporate Law of Japan as applied pursuant to Article 165, Paragraph 3 as follows:
Content of the matters concerning the acquisition
(1) Class of shares to be acquired | Shares of common stock of the Company |
(2) Total number of shares to be acquired | (Not exceed) 500,000 shares |
Ratio thereof to the total number of issued shares 1.06% (excluding shares of treasury stock) | |
(3) Aggregate acquisition prices of shares | (Not exceed) ¥3,000,000,000 |
(4) Acquisition period | February 15, 2016 through March 31, 2016 |
Note:
The company's treasury stock holdings as of January 31, 2016
Total number of shares (excluding treasury stock) 46,833,862 shares Shares held as treasury stock 915,780 shares