Heiwa Real Estate Co., Ltd. announces an Equity Buyback for 400,000 shares, representing 1.07% for ¥1,000 million.
January 29, 2021 at 01:00 am EST
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Heiwa Real Estate Co., Ltd. (TSE:8803) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.07% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to strengthen shareholder returns and improve capital efficiency. The repurchase program will expire on March 31, 2021. As of December 31, 2020, the company had 37,526,861 shares outstanding (excluding treasury shares) and 1,333,135 shares in treasury.
HEIWA REAL ESTATE CO.,LTD. is a Japan-based company mainly engaged in leasing business and real estate solution business. The Company operates in two business segments. The Leasing segment specializes in the development, leasing, management and operation of stock exchanges, offices, commercial facilities and housing. The Real Estate Solution segment is engaged in the development, sales, operation and management of real estates for revenue, development and sales of residential houses as well as real estate agency business. The Others businesses include the maintenance and repair of building equipment, contract work for repair, insurance agency business, etc.
HEIWA REAL ESTATE CO., LTD. 
