Eco's Co.,Ltd. announces an Equity Buyback for 330,000 shares, representing 3.04% for ¥614.46 million.
May 26, 2021 at 03:00 am EDT
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Eco's Co.,Ltd. (TSE:7520) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares, representing 3.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥614.46 million. The shares will be repurchased at a price of ¥1,862 per share. The purpose of the program is to improve capital efficiency and agile capital policy in response to changes in the business environment. The program will be valid till May 27, 2021. As of February 28, 2021, the company had 10,862,611 issued shares (excluding treasury stock) and 786,306 treasury shares.
Ecoâs Co.,Ltd. is a Japan-based company mainly engaged in the supermarket business. The Company is engaged in the sale of foods, fresh foods, general foods and daily necessities, and the wholesale of general foods and daily necessities. The Company is also engaged in the rental of store and real estate, the logistics business, and brokerage of store properties.