TOMY Company, Ltd. announces an Equity Buyback for 420,000 shares, representing 0.46% for ¥1,100 million.
February 06, 2024 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 420,000 shares, representing 0.46% of its total shares outstanding excluding treasury shares, for a total of ¥1,100 million. The purpose of repurchase program is to increase corporate value by further enhancing primary returns, improving capital efficiency, and implementing flexible capital policies according to the business environment.
The repurchase program is valid till March 29, 2024. As of December 31, 2023, the company had 90,964,078 shares outstanding excluding treasury shares and had 2,652,572 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.