News
Notice Regarding Share Repurchase
Apr 28, 2023
On April 28, 2023, TechnoPro Holdings, Inc. Board of Directors has resolved on matters relating to a share repurchase program under Article 156 of the Companies Act, as applied pursuant to Article 165, paragraph 3 of the Companies Act, as detailed below.
1. Reasons for Share Repurchase
TechnoPro Holdings, based on a comprehensive consideration of factors such as cash reserves and stock price trends, intends to implement a flexible capital policy (improvement in capital efficiency, etc.) for the sustainable growth of the Group, thereby pursuing further value creation.
2. Details of Share Repurchase
| (1) Class of shares to be repurchased | Common stock of TechnoPro Holdings, Inc. |
|---|---|
| (2) Total number of shares to be repurchased | Up to 1,000,000 shares(Ratio to the shares outstanding: 0.93% [excluding treasury shares]) |
| (3) Total repurchase amount | Up to 3,000,000,000 yen |
| (4) Repurchase period | From May 1, 2023 to September 29, 2023 |
(Reference)
Treasury shares held as of March 31, 2023
| Total number of shares outstanding (excluding treasury shares) | 107,725,840 shares |
|---|---|
| Total number of treasury shares | 695,324 shares |