TOMY Company, Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.08% for ¥1,300 million.
February 07, 2022 at 01:00 am EST
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TOMY Company, Ltd. (TSE:7867) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,300 million. The purpose of the program is enhancing shareholder returns, improving capital efficiency, implementing agile capital policies according to the business environment, and increasing corporate value.
The repurchased shares will be cancelled. The program will be valid till April 30, 2022. As of December 31, 2021, the company had 92,485,496 issued shares (excluding treasury stock) and 3,805,354 treasury shares.
TOMY COMPANY, LTD. is a Japan-based company mainly engaged in the toy-related business. The Company is engaged in the design, development, manufacture and sale of toys, as well as the provision of toy development technology and sheared services. Through its subsidiaries, the Company is also engaged in the sale of toy peripheral products, as well as the leasing of real estate.