Resorttrust, Inc. announces an Equity Buyback for 1,500,000 shares, representing 1.39% for ¥3,000 million.
August 10, 2023 at 05:00 pm IST
Share
Resorttrust, Inc. (TSE:4681) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.39% of its total shares outstanding (excluding treasury shares), for a total of ¥3,000 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy that responds to changes in the business environment.
The repurchase program is valid till October 31, 2023. As of June 30, 2023, the company had 107,652,441 shares outstanding (excluding treasury shares) and had 868,358 shares in treasury.
Resorttrust Inc is a Japan-based company mainly involved in the construction and operation of membership hotels and golf courses, the sale of memberships, as well as medical businesses. The Company operates through three segments. The Membership segment is engaged in the development of membership hotels and the sale of various memberships. The Hotel Restaurant segment is mainly involved in the operation of restaurants and resort hotels under the names XIV, BAYCOURT CLUB, SUN MEMBERS and HOTEL TRUSTY, as well as the provision of hotel cleaning services, and on-life insurance agency services. The Medical segment is engaged in the sale and management of medical memberships, as well as the provision of medical consulting services. In addition, the Company is also engaged in real estate rental business and villa management business.
RESORTTRUST, INC. 
