Tokyu Construction Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 1.87% for ¥1,000 million.
November 09, 2020 at 01:30 am
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Tokyu Construction Co., Ltd. (TSE:1720) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 1.87% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy. The program will run until February 12, 2021. As of September 30, 2020, the company had 106,700,486 shares outstanding (excluding treasury shares) and 60,719 shares in treasury.
Tokyu Construction Co Ltd is a Japan-based company mainly engaged in the construction business. The Company operates through three business segments. The Construction (building) segment is engaged in the construction of offices, commercial facilities, educational facilities, cultural and social facilities, sports facilities, government office buildings, research institutes, training facilities, housing, medical and welfare facilities, logistics facilities. The Construction (civil engineering) segment is engaged in the construction of railways, dams, environmental sanitation facilities and roads. The Real Estate segment is engaged in the sales and leasing of real estate properties. It also engages in sales of vegetables, and rehabilitation work through its subsidiaries. It is also engaged in the development of artificial intelligence/Internet of Things (AI/IoT) platform that protects and manages photovoltaic power generation panels.
TOKYU CONSTRUCTION CO., LTD. 
