Tokyo Broadcasting System Holdings, Inc. announces an Equity Buyback for 3,500,000 shares, representing 2.01% for ¥8,000 million.
February 06, 2020 at 02:00 am EST
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Tokyo Broadcasting System Holdings, Inc. (TSE:9401) announces a share repurchase program. Under the program, the company will repurchase 3,500,000 shares, representing 2.01% of its share capital, for ¥8,000 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency. The program will run until October 31, 2020. As of December 31, 2019, the company had 174,171,481 shares outstanding (excluding treasury shares) and 538,356 shares in treasury.
TBS Holdings Inc, formerly Tokyo Broadcasting System Holdings Inc, is a Japan-based company mainly engaged in broadcasting business. The Company operates in three business segments. The Media and Content segment is involved in the broadcasting-related business which conducts broadcasting, program production, video technology, audio technology, cable television broadcasting (CATV) investment, video investment and others; the planning production business which conducts video and audio software production, sales and distribution business, various events, program sales, video software production and sales, animation and music software planning and production. The Lifestyle segment is involved in the mail-order sales, general merchandise retailing, cosmetics manufacturing and sales business. The Real Estate and Others segment is involved in real estate leasing, maintenance and service business, studio management, heating and cooling management, insurance agency and other business.
TBS HOLDINGS,INC. 
