Star Mica Holdings Co., Ltd. announces an Equity Buyback for 180,000 shares, representing 0.54% for ¥100 million.
January 18, 2024 at 10:20 pm EST
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Star Mica Holdings Co., Ltd. (TSE:2975) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 0.54% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The company will repurchase its shares to improve the return of profits to shareholders.
The program will be valid till March 31, 2024. As of January 19, 2024, the company has 33,293,442 issued shares (excluding treasury stock) and 706,558 treasury shares.
Star Mica Holdings Co., Ltd. is a Japan-based company mainly engaged in renovation apartment business, investment business and advisory business. The renovation apartment business is engaged in purchase of family type apartments mainly from the metropolitan area and lease to tenants as portfolio. After the tenants leave, the Company will renovate to increase asset value, and then sold as residences to end users through house agents. The investment business conducts investments activities including leasing and sale of real estate mainly in the metropolitan area and investment development business centering on securities. The advisory business is engaged in real estate brokerage, rental brokerage, rental management, building management, operation of monthly apartments, etc. and fee operation of renovation apartment business and investment business.
STAR MICA HOLDINGS CO., LTD. 
