Ki-Star Real Estate Co.,Ltd announces an Equity Buyback for 400,000 shares, representing 2.54% for ¥1,000 million.
May 23, 2024 at 07:00 am
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Ki-Star Real Estate Co.,Ltd (TSE:3465) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.54% of its issued share capital, for ¥ 1,000 million. The purpose of the program is to return profits to shareholders and to use the shares as shares to be issued in connection with the performance-linked stock compensation plan for executives and the stock benefit trust plan for employees.
As of March 31, 2024, the company had 15,773,009 shares (excluding treasury stock) and 89,591 shares in treasury.
KI-STAR REAL ESTATE CO.,LTD is a Japan-based company principally engaged in real estate business. The Company mainly operates in seven segments. The Land and Housing segment provides services such as sale of condominiums and additional construction related to condominiums. The Custom-built Housing segment provides services such as sale of custom homes and additional construction related to custom homes. The Used Housing segment is engaged in the sale of used houses. The Yoka Town segment is engaged in the sale of condominiums, custom houses and land in Fukuoka. The Asahi Housing segment is engaged in the sale of condominiums and land in Kanagawa. The Fresco segment is engaged the sale of condominiums and custom homes and land in Chiba. The Construction and Renovation segment is engaged in sale of condominiums, custom-built houses and land, and civil engineering construction in Kanagawa. The Company is also engaged in real estate leasing and real estate brokerage business.
KI-STAR REAL ESTATE CO.,LTD 