Tokyo Theatres Company, Incorporated announces an Equity Buyback for 80,000 shares, representing 1.06% for ¥100 million.
December 15, 2021 at 01:00 am EST
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Tokyo Theatres Company, Incorporated (TSE:9633) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.06% of its issued share capital (excluding treasury stock), for ¥100 million. The purpose of the program is to return profits to shareholders by improving capital efficiency and to enable flexible execution of capital policies in response to changes in the business environment. The program will run until May 31, 2022. As of September 30, 2021, the company had 7,530,033 shares in issue (excluding treasury stock) and 482,967 shares in treasury.
TOKYO THEATRES COMPANY, INCORPORATED is principally engaged in the operation of catering and real estate business. The Video-related business segment is engaged in movie box-office business, movie distribution business, the provision of comprehensive advertising and movie advertising services, and event planning operations. The Food and Beverage-related business segment is engaged in the operation of restaurants and sale of daily dish and dessert. The Real Estate-related business segment is engaged in the rental of real estate, the renewal and sale of existing condominiums and renovation of condominiums. The Others segment is engaged in the management of collection of specific money claims and the operation of leisure hotels.
TOKYO THEATRES COMPANY, INCORPORATED 