TOC Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 1.58% for ¥990 million.
May 09, 2023 at 03:00 am EDT
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TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.58% of its share capital, for ¥990 million. The shares will be repurchased at a price of ¥660 per share.
The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The share repurchase program will run until May 10, 2023 As of March 31, 2023, the company had 95,039,571 shares outstanding (excluding treasury shares) and 239,781 shares in treasury.
TOC Co., Ltd. is a Japan-based real estate company engaged in two business segments. The Real Estate segment is engaged in leasing, management and operation of rental rooms, exhibition halls and parking lots. The Linen Supply and Laundry segment is engaged in the provision of linen supply and laundry services. The others business is involved in the manufacture and sale of medicines; the operation of food and drink business; the management of sports clubs and hot spring facilities; the provision of building management-related services; the development of information processing systems and others.
TOC CO., LTD. 
