& Representative Director (Code: No.9005, Tokyo Stock Exchange First Section) Contact: Katsumi Oda, Senior Manager,
Accounting & IR Division (TEL: +81-3-3477-6168)
Announcement Concerning Share Buybacks
(Under the provisions of the Articles of Incorporation pursuant to paragraph 2, Article 165 of the Companies Act)
Tokyu Corporation (the "Company") has acquired its own shares under Article 156, as applied pursuant to paragraph 3, Article 165, of the Companies Act. Details are as follows.
Type of shares acquired: Shares of common stock
Period of acquisition: From December 1, 2016 to December 31, 2016 (on a contract basis)
Total number of shares acquired: 3,626,000 shares
Total cost of acquisition: 3,118,418,993 yen
(Reference)
Resolution at a meeting of the Board of Directors held on November 10, 2016
Type of shares to be acquired: Shares of common stock
Total number of shares to be acquired: Up to 15.0 million shares
(Equivalent to 1.22% of outstanding shares (excluding treasury stock))
Total cost of acquisition: Up to 10 billion yen
Period of acquisition: From November 14, 2016 to February 14, 2017
Method of acquisition: Market purchases
Aggregate of own shares acquired by resolution of the Board of Directors (as of December 31, 2016)
Total number of shares acquired: 6,725,000 shares
Total cost of acquisition: 5,701,568,001 yen
Tokyu Corporation published this content on 06 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 January 2017 06:42:09 UTC.
Original documenthttp://www.tokyu.co.jp/ir/upload_file/ENlibrary_03/9005_2017010615281105_P01_.pdf
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Tokyu Corporation specializes in railway transportation services. The group is also developing retail distribution and real estate promotion activities, and is providing entertainment services. Net sales break down by activity as follows:
- retail distribution (62.9%): operating of department stores, supermarkets, etc. The group also offers TV channels broadcasting services ;
- real estate assets promotion and management (17.2%);
- railway and road transportation services (15.9%);
- hotel operating (4%).