TOC Co., Ltd. announces an Equity Buyback for 4,600,000 shares, representing 4.49% for ¥3,578.8 million.
January 22, 2019 at 02:30 am EST
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TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase 4,600,000 shares, representing 4.49% of the outstanding shares for ¥3,578.8 million. The purpose of the program is to enhance capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of September 30, 2018, the company had 102,423,672 shares outstanding and 1,455,680 shares in treasury.
TOC Co., Ltd. is a Japan-based real estate company engaged in two business segments. The Real Estate segment is engaged in leasing, management and operation of rental rooms, exhibition halls and parking lots. The Linen Supply and Laundry segment is engaged in the provision of linen supply and laundry services. The others business is involved in the manufacture and sale of medicines; the operation of food and drink business; the management of sports clubs and hot spring facilities; the provision of building management-related services; the development of information processing systems and others.
TOC CO., LTD. 
