Maxvalu Tokai Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 0.27% for ¥250 million.
October 16, 2019 at 03:00 am
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Maxvalu Tokai Co.,Ltd. (TSE:8198) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.27% of the outstanding shares for ¥250 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until February 19, 2020. As of September 30, 2019, the company had 36,418,572 shares outstanding and 55,276 shares in treasury.
Maxvalu Tokai Co., Ltd. is a Japan-based retailer. The Company is mainly engaged in the operation of regional supermarket chains in the Shizuoka, Kanagawa, Yamanashi and Aichi Prefectures. It is engaged in the provision of products under AEONâs brand name Top Value, purchase of miscellaneous goods and materials, management of stores, opening of stores in the shopping centers, consignment of credit and electronic money businesses, as well as logistic business.
MAXVALU TOKAI CO.,LTD. 
