TOMY Company, Ltd. announces an Equity Buyback for 1,000,100 shares, representing 1.06% for ¥1,264.13 million.
May 09, 2023 at 02:00 am EDT
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TOMY Company, Ltd. (TSE:7867) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,100 shares, representing 1.05700212% of its issued share capital for ¥1,264.13 million. The purpose of the program is to improve capital efficiency, implement a flexible capital policy that responds to the business environment, increase corporate value, return profits to shareholders.
The program will be funded from the company's own funds. The program is valid till June 30, 2023. As of May 9, 2023, the company has 94,616,650 shares issued (excluding treasury stock) and has 207,416 shares in treasury.
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.