(Treasury stock repurchase based on the Articles of Incorporation as stipulated by
Article 165, Paragraph 2 of the Company Act)
USS repurchased its own shares as follows in accordance with the resolution approved at the meeting of the Board of Directors held on February 12, 2019. The resolution was approved pursuant to the provisions of Article 156 of the Company Act, which has been re-interpreted and applied in accordance with Article 165, Paragraph 3 of the same act.
1. Type of shares
Common shares
2.
Period of repurchase
From April 1 to April 30, 2019
3.
Total number of shares repurchased
649,200 shares
4. Aggregate value of shares repurchased
1,363,832,000 yen
5.
Method of repurchase
Purchased on the Tokyo Stock Exchange
1.Details of the resolution of the Board of Directors approved on February 12, 2019
(1)Type of shares to be repurchased: USS common shares
(2)Total number of shares authorized for repurchase: Up to 5,000,000
(1.96% of shares issued, excluding treasury shares)
(3)Total value of shares authorized for repurchase: Up to 10,000 million yen
(4)Method of repurchase: Open market purchase
(5)Period of repurchase: From February 13, 2019 to September 20, 2019
2.Total number of shares repurchased in accordance with the resolution of the Board of Directors (as of April 30, 2019)
(1) Aggregate number of shares repurchased
1,824,300 shares
(2) Aggregate value of shares repurchased
3,722,946,900 yen
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USS Co. Ltd. published this content on 07 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 May 2019 07:22:15 UTC
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS CO., LTD. 
