Tay Two Co., Ltd. announces an Equity Buyback for 1,000,000 shares, for ¥100 million.
January 25, 2021 at 07:00 am
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Tay Two Co., Ltd. (JASDAQ:7610) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.46% of the outstanding shares, at ¥100 per share for ¥100 million. The purpose of the program is to enhance capital efficiency and to prepare a flexible capital policy in the future. The program will be valid till February 26, 2021. As of January 25, 2021, the company has 68,656,938 issued shares(excluding treasury) and 7,400 shares in treasury.
TAY TWO CO., LTD. is a Japan-based company primarily engaged in the multi-package sales business. The Company is engaged in the operation of Furuhon Ichiba stores, the franchise business of Furuhon Ichiba stores, as well as the operation of Trecapark stores, Book Square stores, TSUTAYA stores, MO-ZEAL stores and other stores. The Company also operates Furuhon Ichiba stores as a franchisee through affiliated companies.