Japan Excellent, Inc.

8987

JP3046420000

Commercial REITs

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
128,300 ^JPY	+0.79%		+1.50%	+2.31%

Apr. 25	Japan Excellent Sets Interest Rate for 8-year 2 Billion Yen Loan	MT
Apr. 23	Japan Excellent Secures 10 Billion Yen Debt Financing	MT

Japan Excellent, Inc. announces an Equity Buyback for 18,000 shares, representing 1.35% for ¥2,000 million.

February 19, 2024 at 02:00 am EST

Japan Excellent, Inc. (TSE:8987) announces a share repurchase program. Under the program, the company will repurchase up to 18,000 investment units, representing 1.35% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to improve NAV per unit and distribution per unit by acquiring and canceling own investment units using cash on hand, improving capital efficiency and returning unitholders.

The program will run until May 10, 2024. As of February 19, 2024, the company had 1,337,598 investment units in issue (excluding treasury stock) and 0 investment units in treasury.

Latest news about Japan Excellent, Inc.

Japan Excellent Sets Interest Rate for 8-year 2 Billion Yen Loan	Apr. 24	MT
Japan Excellent Secures 10 Billion Yen Debt Financing	Apr. 22	MT
Japan Excellent Repurchases 746.58 Million Yen Worth of Units in March	Apr. 02	MT
Japan Excellent Secures CASBEE Certification for Two Properties	Apr. 01	MT
Tranche Update on Japan Excellent, Inc.'s Equity Buyback Plan announced on February 19, 2024.	Apr. 01	CI
Japan Excellent to Buy Back Investment Units Worth Up to 2 Billion Yen	Feb. 20	MT
Japan Excellent to Sell Tokyo Property for 6.2 Billion Yen	Feb. 20	MT
Japan Excellent, Inc. announces an Equity Buyback for 18,000 shares, representing 1.35% for ¥2,000 million.	Feb. 19	CI
An undisclosed buyer agreed to acquire JEI Hongo Building from Japan Excellent, Inc. for ¥6.2 billion.	Feb. 18	CI
Japan Excellent, Inc. authorizes a Buyback Plan.	Feb. 18	CI
Japan Excellent Renews 14 Billion Yen Committed Credit Line	Jan. 25	MT
Japan Excellent, Inc. Establishes Commitment Line of Credit	Jan. 24	CI
Japan Excellent Obtains Environmental Efficiency Certification for Three Properties	Dec. 26	MT
Japan Excellent, Inc. Revises Dividend Guidance for the 36Th Fiscal Period Ending June 30, 2024	Dec. 26	CI
Japan Excellent to Issue 2 Billion Yen Investment Corporation Bonds	Dec. 06	MT
Japan Excellent, Inc. Announces Debt Financing	Dec. 04	CI
Japan Excellent Secures 10.77 Billion Yen Loan from Major Banks	Nov. 27	MT
Japan Excellent, Inc. Announces New Debt Financing	Nov. 24	CI
Japan Excellent, Inc. Announces Additional Acquisition of Co-Ownership Interests in Grand Front Osaka and Grand Front Osaka	Nov. 06	CI
Japan Excellent, Inc. agreed to acquire 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd. for ¥8.3 billion.	Nov. 05	CI
Japan Excellent, Inc. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-17	CI
Japan Excellent, Inc. Provides Financial Guidance for the 35th Period Ending December 31, 2023 and for the 36th Period Ending June 30, 2024	23-08-17	CI
Japan Excellent, Inc. Provides Dividend Forecast for the 35Th Period Ending December 31, 2023	23-08-17	CI
Japan Excellent, Inc. Provides Dividend Forecast for the 36Th Period Ending June 30, 2024	23-08-17	CI
Japan Excellent, Inc. agreed to acquire Real Estate Trust Beneficiary Rights of OSAKI BRIGHT TOWER and OSAKI BRIGHT PLAZA from Nippon Steel Kowa Real Estate Co., Ltd. for ¥13.1 billion.	23-08-16	CI

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Company Profile

Japan Excellent, Inc. is a real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. It primarily invests in office buildings located in Tokyo's six central wards, central Osaka and Nagoya, Tokyo's surrounding areas, including Kanagawa, Saitama and Chiba Prefectures, as well as other government-designated cities. Its property portfolio includes Kowa Kawasaki Nishiguchi Building, Akasaka Garden City, Omori Bellport D, AKASAKA INTERCITY, Musashikosugi Tower Place, Daiba Garden City Building, Kowa Kawasaki Higashiguchi Building, Shiba 2-Chome Building, JEI Hamamatsucho Building and No.44 Kowa Building. The asset manager of the Fund is Japan Excellent Asset Management Co., Ltd.

Sector

Commercial REITs

Calendar

2024-08-14 - Q2 2024 Earnings Release (Projected)

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