[Unofficial Translation]
August 13, 2024
Hideaki Wada
President and Representative Director
HIKARI TSUSHIN, INC.
Code: 9435(TSE Prime section)
Notice Concerning Acquisition of Own Shares
(Under the Provision of its Articles of Incorporation
pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)
HIKARI TSUSHIN, INC. (the "Company") hereby announces that its board of directors has resolved at its meeting held on August 13, 2024, to acquire its own shares under the provision of Article 156 of the Companies Act of Japan, as applied pursuant to Article 165, Paragraph 3 of the same, as follows.
1. Reason for acquisition of own shares
To enhance the implementation of a flexible capital policy and further return of profits to shareholders.
2. Details of matters related to acquisition
- Class of shares to be acquired:
- Total number of shares to be acquired:
Common shares
500,000 (maximum) shares
(1.13% of total number of issued shares (excluding treasury shares))
(3) | Total amount: | 10 billion yen (maximum) |
(4) | Acquisition period: | From August 14, 2024 to November 30, 2024 |
(Reference) Holding status of treasury shares as of July 31, 2024 | ||
(1) | Total number of shares issued: | 44,153,146 shares |
(excluding treasury shares) | ||
(2) | Number of treasury stares: | 116,496 shares |
Note : This document has been translated from the Japanese original for reference purpose only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.