Tenmaya Store Co., Ltd. announces an Equity Buyback for 26,400 shares, for ¥32 million.
October 04, 2023 at 03:30 am EDT
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Tenmaya Store Co., Ltd. (TSE:9846) announces a share repurchase program. Under the program, the company will repurchase up to 26,400 shares, representing 0.23% of its share capital, for ¥32 million. The company will repurchase its shares at a price of ¥1,210 per share. The program is a part of the company's flexible capital policy in response to changes in the business environment. The program will expire on October 5, 2023. As of August 31, 2023, the company had 11,000,000 shares in issue (including treasury stock) and 40,281 shares in treasury.
On October 5, 2023, the company corrected the shares in issue as 11,550,000 shares(including treasury stock) and plan terms to 0.23% of its issued share capital.
Tenmaya Store Co.,Ltd. is a Japan-based company mainly engaged in retail business. The Company operates through two segments. The Retail segment is engaged in the retail of foods, sundries, clothing and related stores leasing business. The Retail Outskirts segment is engaged in manufacture and sale of prepared foods, the business of family restaurants and the provision of related products. Its brands include HAPPY TOWN, HAPPYâS, HAPPY Mart. The Company also operates real estate management business.