Fuji Media Holdings, Inc. announces an Equity Buyback for 12,500,000 shares, representing 5.34% for ¥10,000 million.
July 22, 2020 at 02:00 am EDT
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Fuji Media Holdings, Inc. (TSE:4676) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares, representing 5.34% of issued and outstanding share capital for the maximum amount of ¥10,000 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and to improve shareholder returns by improving capital efficiency. The repurchased shares will be retired. The program will expire on March 31, 2021. As of June 30, 2020, the company had 234,194,466 shares in issued and outstanding share capital and 34 shares in treasury.
Fuji Media Holdings Inc is a Japan-based company engaged in the core broadcasting business, the media and content business, and the urban development and tourism business. The Company operates in two business segments. The Media and Content segment is engaged in the production of broadcast programs, movies, anime, games and events, the sale of video and music software, the publication of music, magazines and newspapers, as well as television broadcasting, radio broadcasting, mail order sales and advertising business. The Urban Development and Tourism segment engages in the rental and sale of residences, offices and logistics facilities, the operation of hotels and marine leisure facilities, as well as events and interior decoration and building management business. The Company also engages in movable property leasing and product sales, software development, and restaurants and shops business.
FUJI MEDIA HOLDINGS, INC. 
