Eco's Co.,Ltd. announces an Equity Buyback for 200,000 shares, for ¥500 million.
February 12, 2021 at 11:30 am IST
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Eco's Co.,Ltd. (TSE:7520) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.83% of its issued share capital, for a total purchase price of ¥500 million. The purpose of the program is to improve capital efficiency and agile capital policy in response to changes in the business environment. The program will continue through February 14, 2022. As of February 12, 2021, the company had 10,927,311 issued shares (excluding treasury stock) and 721,606 treasury shares.
Ecoâs Co.,Ltd. is a Japan-based company mainly engaged in the supermarket business. The Company is engaged in the sale of foods, fresh foods, general foods and daily necessities, and the wholesale of general foods and daily necessities. The Company is also engaged in the rental of store and real estate, the logistics business, and brokerage of store properties.