Heiwado Co.,Ltd. announces an Equity Buyback for 2,000,000 shares, representing 3.89% for ¥6,000 million.
June 27, 2024 at 04:00 am
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Heiwado Co.,Ltd. (TSE:8276) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.89% of its issued share capital (excluding treasury stock), for ¥6,000 million. The purpose of the program is to increase the level of shareholder returns and improve capital efficiency.
The program will run until August 20, 2025. As of June 20, 2024, the company had 51,448,132 shares in issue (excluding treasury stock) and 1,098,338 shares in treasury.
HEIWADO CO., LTD. is mainly engaged in the retail sales and peripheral businesses. It has three segments. The Retail segment is engaged in sales of food products, clothing products, and daily goods. The Retail Peripheral segment involves rental of stores, management of commercial infrastructure and maintenance of buildings. The Others segment is engaged in management of suburban restaurants, family restaurants, amusements, bowling alleys, as well as development, sales and maintenance of real estate.
HEIWADO CO.,LTD. 
