GOLDCREST Co.,Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.84% for ¥2,000 million.
December 03, 2020 at 08:00 am
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GOLDCREST Co., Ltd. (TSE:8871) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.12% of the outstanding shares for ¥2,000 million. The shares will be repurchased at a price of ¥2000 per share. Shares will be repurchased though market purchase based on a transaction discretionary contract. The purpose of the program is to improve shareholder returns and enhance capital efficiency. The program will run until February 28, 2021. As of November 30, 2020, the company had 35,261,498 shares outstanding and 522,502 shares in treasury.
GOLDCREST Co., Ltd. is primarily engaged in residential property sales business mainly in the Tokyo metropolitan area. The Company operates in three business segments. The Property Sales segment is engaged in sales business of new condominiums, including the planning, development and sales of new condominiums such as Crest City, Crest Form series. The Real Estate Leasing segment is engaged in rental and leasing business, including office buildings, apartments and others. The Others includes property management business such as integrated management services for condominiums, and the other ancillary businesses such as real estate agency and brokerage, loan and advertising services. As of March 31, 2014, the Company had seven subsidiaries.
GOLDCREST CO.,LTD. 
