TBS Holdings,Inc. announces an Equity Buyback for 3,500,000 shares, representing 2.08% for ¥11,000 million.
November 10, 2023 at 02:38 am EST
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TBS Holdings,Inc. (TSE:9401) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 2.08% of its total shares outstanding (excluding treasury shares), for a total of ¥11,000 million. The purpose of repurchase program is to improve shareholder returns and capital efficiency.
The repurchase program is valid till February 29, 2024. As of September 30, 2023, the company had 168,535,854 shares outstanding (excluding treasury shares) and had 3,055,211 shares in treasury.
TBS Holdings Inc, formerly Tokyo Broadcasting System Holdings Inc, is a Japan-based company mainly engaged in broadcasting business. The Company operates in three business segments. The Media and Content segment is involved in the broadcasting-related business which conducts broadcasting, program production, video technology, audio technology, cable television broadcasting (CATV) investment, video investment and others; the planning production business which conducts video and audio software production, sales and distribution business, various events, program sales, video software production and sales, animation and music software planning and production. The Lifestyle segment is involved in the mail-order sales, general merchandise retailing, cosmetics manufacturing and sales business. The Real Estate and Others segment is involved in real estate leasing, maintenance and service business, studio management, heating and cooling management, insurance agency and other business.
TBS HOLDINGS,INC. 
