Tokyotokeiba Co.,Ltd. announces an Equity Buyback for 1,250,000 shares, representing 4.38% for ?5,000 million.
October 28, 2021 at 11:30 am IST
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Tokyotokeiba Co.,Ltd. (TSE:9672) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 4.38% of its issued share capital (excluding treasury stock), for a total purchase price of ?5,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and to implement agile capital policies in response to changes in the business environment. As of September 30, 2021, the company had 28,549,015 issued shares (excluding treasury stock) and 215,839 treasury shares.
TOKYOTOKEIBA CO.,LTD. is a Japan-based company mainly engaged in the public competition business, amusement park business, warehouse leasing business and service business. The Company has four business segments. The Public Competition segment is engaged in the leasing, maintenance and management of the Oi racetrack in Tokyo, the horserace ticket sales facilities in Niigata, Ibaragi and Miyagi Prefectures, the home voting systems, and the Isesaki auto race tracks in Gunma Prefecture. The Amusement Park segment is engaged in the operation of Tokyo Summerland, a comprehensive leisure land located in Tokyo. The Warehouse Leasing segment is engaged in the leasing of distribution warehouses in Tokyo. The Service segment is engaged in the leasing of commercial facilities, the management and operation of rented commercial facilities and owned office buildings, trunk rooms, rental apartments and rental restaurants, as well as the design and construction of air conditioning equipment.
TOKYOTOKEIBA CO.,LTD. 
