Heiwa Real Estate Co., Ltd. announces an Equity Buyback for 750,000 shares, representing 2.05% for ¥2,500 million.
April 28, 2022 at 03:00 am
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Heiwa Real Estate Co., Ltd. (TSE:8803) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 2.05% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency.
The program will continue through August 31, 2022. As of March 31, 2022, the company had 36,609,977 issued shares (excluding treasury stock) and 2,250,019 treasury shares.
HEIWA REAL ESTATE CO.,LTD. is a Japan-based company mainly engaged in leasing business and real estate solution business. The Company operates in two business segments. The Leasing segment specializes in the development, leasing, management and operation of stock exchanges, offices, commercial facilities and housing. The Real Estate Solution segment is engaged in the development, sales, operation and management of real estates for revenue, development and sales of residential houses as well as real estate agency business. The Others businesses include the maintenance and repair of building equipment, contract work for repair, insurance agency business, etc.