TENPOS HOLDINGS Co.,Ltd. announces an Equity Buyback for 150,000 shares, representing 1.25% for ¥300 million.
March 11, 2020 at 12:30 pm IST
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TENPOS HOLDINGS Co.,Ltd. (JASDAQ:2751) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.25% of its share capital, for ¥300 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 11, 2020. As of January 31, 2020, the company had 12,046,633 shares outstanding (excluding treasury shares) and 2,268,167 shares in treasury.
TENPOS HOLDINGS Co.,Ltd. is a Japan-based company mainly engaged in the support services to restaurants. The Company operates through three business segments. The Product Sale segment is engaged in the sale of new and recycled cooking utensils, tableware, chairs, kitchen equipment to customers who operate restaurants. It also engaged in the provision of kitchen design, construction and management services. The Information and Service segment is engaged in the business of real estate brokerage, interior construction contracting, lease credit handling, Internet shopping, opening support and management support for restaurant companies. The Restaurant segment is engaged in restaurants management and franchise (FC) member stores development.