Toei Animation Co. Ltd. closed an Equity Buyback in the amount of ¥500 mm
December 17, 2012 at 09:30 am IST
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The Board of Directors of Toei Animation Co. Ltd. (JASDAQ:4816) authorized a share repurchase program on October 29, 2012. Under the program, the company will repurchase up to 250,000 shares, representing 1.79% of its shares, for a total cost of ¥500 million. The repurchases will be made based on Article 165, Clause 3, of Japan's Corporate Law, as interpreted in lieu of Article 156, of Japan's Corporate Law. The company is repurchasing shares to be able to conduct a flexible capital policy in compliance with changes in business environment and to improve shareholder contribution. The program will run from October 30, 2012 to January 29, 2013. As of September 30, 2012, the company had 13,999,604 shares outstanding and 396 shares in treasury.
Trustpark, Inc.'s share repurchase program expired on December 19, 2012. Under the program, the company has repurchased 245,500 shares, representing 1.76% for ¥500 million.
TOEI ANIMATION CO.,LTD. is a Japan-based company mainly engaged in the film production and sale business, the licensing business and the product sale business. The Company operates through three business segments. The Film Production and Sale segment is mainly engaged in the planning and production of animations for theater and television, the sale of production broadcasting right and video creating right, as well as the provision of film distribution services for personal computer and mobile terminals. The Licensing segment is mainly engaged in the commercialization license of characters appearing in the productions. The Product Sale segment is mainly engaged in the development and sale of character products. The Company is also engaged in the planning and operation of costume show musical events and other events.