Maxvalu Tokai Co.,Ltd. announces an Equity Buyback for 4,500,100 shares, representing 12.34% for ¥10,615.74 million.
December 15, 2021 at 02:00 am EST
Share
Maxvalu Tokai Co.,Ltd. (TSE:8198) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,100 shares, representing 12.34% of its share capital for ¥10,615.73 million. The purpose of the program is to carry out agile capital policy by making the acquisition of treasury stock the authority of the Board of Directors. The program will expire on February 28, 2022. As of December 15, 2021, the company has 36,473,848 issued shares.
Maxvalu Tokai Co., Ltd. is a Japan-based retailer. The Company is mainly engaged in the operation of regional supermarket chains in the Shizuoka, Kanagawa, Yamanashi and Aichi Prefectures. It is engaged in the provision of products under AEONâs brand name Top Value, purchase of miscellaneous goods and materials, management of stores, opening of stores in the shopping centers, consignment of credit and electronic money businesses, as well as logistic business.
MAXVALU TOKAI CO.,LTD. 
