Tsuchiya Holdings Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 2.35% for ¥100 million.
December 07, 2016 at 02:13 am EST
Tsuchiya Holdings Co., Ltd. (TSE:1840) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.35% of its issued share capital for a total of ¥100 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which respond to changes in the business environment, improve capital efficiency and contribute to shareholder returns. The program will end on May 31, 2017. As of November 30, 2016, the company had 25,518,872 shares outstanding excluding treasury shares, and 256,246 shares in treasury.