Sanrio Company, Ltd. announces an Equity Buyback for 2,189,000 shares, for ¥12,000 million.
November 28, 2023 at 01:45 am EST
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Sanrio Company, Ltd. (TSE:8136) announces a share repurchase program. Under the program, the company will repurchase 2,189,000 shares, representing 2.71% of its share capital, for ¥12,000 million. The company will use the funds raised from the issuance of the Bonds with stock acquisition rights as growth investment funds and the tender offer. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will expire on December 28, 2023. As of September 30, 2023, the company had 80,666,484 shares(excluding treasury shares) in outstanding and 8,423,217 shares in treasury.
On November 30, 2023, the company announced that it will repurchase shares under Tender Offer at ¥5,462 per share.
Sanrio Company, Ltd. is a Japan-based company mainly engages in the planning and sales of social communication gift products, theme park business and others. Social Communication Gifts business mainly involves in the planning and sales of social communication gifts, as well as greeting cards, publications, the production and sales of video software, and the licensing and management of copyright. The Theme Park business operates theme parks, and plans and provides musicals and others. In addition, the Company is also engaged in the sale and leasing of robots, automobile loan, property and casualty insurance agency business and others.
SANRIO COMPANY, LTD. 
