News
Notice Regarding Share Repurchase
Aug 8, 2024
On August 8, 2024, the 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 2,000,000 shares(Ratio to the shares outstanding: 1.89% [excluding treasury shares]) |
| (3) Total repurchase amount | Up to 5,000,000,000 yen |
| (4) Repurchase period | From August 9, 2024 to March 31, 2025 |
(Reference)
Treasury shares held as of July 31, 2024
| Total number of shares outstanding (excluding treasury shares) | 106,400,000 shares |
|---|---|
| Total number of treasury shares | 446,472 shares |