Koei Tecmo Holdings Co., Ltd. announces an Equity Buyback for 9,900,100 shares, representing 5.95% for ¥48,000 million.
December 02, 2021 at 02:00 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 up to 9,900,100 shares, representing 5.95% of its issued share capital for ¥48,000 million. The shares will be repurchased at a price per share lower of the closing price of the company's common stock on the First Section of the Tokyo Stock Exchange on December 7, 2021 and the closing price of the Company's common stock on the First Section of the Tokyo Stock Exchange on December 2, 2021, discounted by 10%. The program is valid till January 6, 2022. As of November 30, 2021, the company had 166,382,777 shares (excluding treasury stock) issued and 1,665,685 shares in treasury.
On December 7, 2021, the company announced that the shares will be repurchased at a price of ¥4,271 per share.
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. 
