Koei Tecmo Holdings Co., Ltd. announces an Equity Buyback for 820,000 shares, representing 0.65% for ¥1,600 million.
November 28, 2018 at 03:00 am EST
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Koei Tecmo Holdings Co., Ltd. (TSE:3635) announces a share repurchase program. Under the program, the company will repurchase 820,000 shares, representing 0.65% of the outstanding shares for ¥1,600 million. The purpose of the program is to acquire shares in preparation for a flexible capital policy in response to future business development. The program will run until February 28, 2019. As of September 30, 2018, the company had 126,970,945 shares outstanding and 2,297,103 shares in treasury.
KOEI TECMO HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the entertainment business, the slot and pachinko (SP) business, the amusement facility operation business and the real estate business. The Company has four business segments. The Entertainment segment is engaged in the development and sale of entertainment content products. The SP segment is engaged in the contract development of commercial amusement equipment, as well as the related royalty income business. The Amusement Facility Operation segment is engaged in the operation of game center stores. The Real Estate segment is engaged in the operation and management of real estate. The Company is also engaged in the venture capital business.
KOEI TECMO HOLDINGS CO., LTD. 
