Sanrin Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.41% for ¥40 million.
September 06, 2019 at 02:00 am EDT
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Sanrin Co., Ltd. (JASDAQ:7486) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.41% of its share capital, for ¥40 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until September 30, 2019. As of June 30, 2019, the company had 12,281,925 shares outstanding (excluding treasury shares) and 18,075 shares in treasury.
SANRIN CO.,LTD. is a Japan-based company mainly engaged in the energy related business. The Company operates through four business segments. The Energy Related segment is mainly engaged in the purchase and sale of petroleum, liquefied petroleum (LP) gas, general high-pressure gas, charcoal, solar power generation systems and housing equipment, as well as the insurance agency business. The Ice Making segment is mainly engaged in the manufacture and sale of ice. The Fruit and Vegetable segment is mainly engaged in the purchase and sale of vegetables and fruits. The Real Estate segment is mainly engaged in the building lots and buildings transaction business. The Company is also engaged in the transportation business, the construction business, as well as the management and rental of LP gas related equipment.
SANRIN CO., LTD. 
