TOMONY Holdings, Inc. announces an Equity Buyback for 1,200,000 shares, representing 0.74% for ¥600 million.
June 04, 2019 at 02:00 am EDT
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TOMONY Holdings, Inc. (TSE:8600) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 0.74% of its share capital, for ¥600 million. The company will repurchase its shares in order to improve profit returns to all shareholders by improving capital efficiency. The share repurchase program will run until August 31, 2019. As of May 31, 2019, the company had 162,489,400 shares outstanding (excluding treasury shares) and 1,239,511 shares in treasury.
TOMONY Holdings, Inc. is a Japan-based holding company mainly engaged in the operation and management of its subsidiaries and other supplementary businesses. The Banking segment involves deposit, loan, domestic and foreign currency exchange, securities investment and corporate bonds businesses, among others. The Leasing segment is engaged in the leasing business. The Others segment is involved in banking related businesses, such as software development, credit card business, venture capital business, among others.
TOMONY HOLDINGS, INC. 
