MBK Co.,Ltd. announces an Equity Buyback for 120,000 shares, representing 0.43% for ¥36 million.
July 12, 2021 at 02:30 am EDT
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MBK Co.,Ltd. (TSE:3121) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 0.43% of its issued share capital, for a total price of ¥36 million. The purpose of the program is to return profits to shareholders and improve capital efficiency. The program is valid till August 20, 2021. As of March 31, 2021, the company had 27,881,656 shares in issue (excluding treasury stock) and 14,538 shares in treasury.
MBK Co.,Ltd. is a Japan-based company mainly engaged in the merchant banking business and operations businesses. The Company operates through two business segments. Merchant Banking segment is involved in the investment business for domestic and foreign companies and real estate. Operation segment is involved in the operation and management of lodging facilities, dining facilities and bowling alleys, as well as the provision of hospital meals.
MBK CO.,LTD. 
