Toyo Tec Co. Ltd. announces an Equity Buyback for 200,000 shares, representing 1.86% for ¥249.6 million.
September 27, 2018 at 08:30 am
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Toyo Tec Co. Ltd. (TSE:9686) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.86% of its share capital, at ¥1,248 per share for ¥249.6 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. As of June 30, 2018, the company had 10,754,007 shares outstanding (excluding treasury shares) and 685,993 shares in treasury.
TOYO TEC CO., LTD. is a Japan-based company mainly engaged in the security business, the building management business and the real estate business. The Company operates through three business segments. The Security segment is engaged in the provision of security services for transportation, equipment and facilities, the management of automated teller machines (ATMs), the installation and sale of security alarm equipment, as well as the call center business. The Building Management segment is engaged in the provision of general building management services such as cleaning and maintenance works. The Real Estate segment is engaged in the leasing, management and brokerage of real estate.