ONTSU Co.,Ltd. announces an Equity Buyback for 2,500,000 shares, representing 1.29% for ¥100 million.
August 09, 2018 at 09:00 pm EDT
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ONTSU Co.,Ltd. (TSE:7647) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.29% of its share capital, for ¥100 million. The company will repurchase its shares in order to improve shareholder returns by implementing a flexible capital policy which responds to changes in the business environment, and improving capital efficiency. The share repurchase program will run until September 12, 2018. As of June 30, 2018, the company had 193,721,235 shares outstanding (excluding treasury shares) and 5,001,410 shares in treasury.
Ontsu Co Ltd is a Japan-based company mainly engaged in the retail of food and sundry goods. The Company operates through four business segments. The Food and Sundries Setailing segment is engaged in the operation of 100-yen stores such as FLET'S and 100-yen consulates, operation of franchise chains, and plan, import, and sale of general merchandise for 100-yen stores. The Karaoke segment is engaged in the sale and lease of karaoke equipment and related products. The Sports segment is engaged in the operation of the JOYFIT sports club (franchise), the FIT365 sports gym (franchise), and the LAVA hot yoga studio (franchise). The Internet Protocol (IP) segment is engaged in the lease of real estate and store facilities and operation of coin-operated parking lots.
ONTSU CO.,LTD. 
