Advan Group Co., Ltd. announces an Equity Buyback for 230,000 shares, representing 0.61% for ¥200 million.
February 01, 2023 at 12:30 am EST
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Advan Group Co., Ltd. (TSE:7463) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 0.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to enable the execution of flexible capital policies in response to changes in the business environment.
As of February 1, 2023, the company has 37,509,546 issued shares (excluding treasury stock) and 16,303,146 treasury shares.
Advan Group Co Ltd, formerly Advan Co Ltd, is a Japan-based company mainly engaged in the import and sale of building finishing materials. The Company operates in three business segments. The Construction Materials Related segment is engaged in the import and sale of construction materials such as stones, tiles, housing-related products, fireplaces and stoves, faucets, system kitchens and other building materials, as well as the related construction works. The Real Estate Leasing segment is engaged in the leasing and management of distribution centers and other real estates. The Others segment is engaged in the wholesale of imported bricks, pots and other gardening-related products, as well as the logistics management business.
ADVAN GROUP CO., LTD. 
