Advantage Risk Management Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.75% for ¥400 million.
August 07, 2018 at 02:30 am EDT
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Advantage Risk Management Co., Ltd. (TSE:8769) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.75% of the outstanding shares for ¥400 million. The purpose of the program is to enhance capital efficiency and to actively carry out M&As and capital and business tie-ups with other companies. The program will run until November 9, 2018. As of June 30, 2018, the company had 17,158,700 shares outstanding and 500 shares in treasury.
Advantage Risk Management Co Ltd is a Japan-based company mainly engaged in the mental disability support activities, group long-term disability compensation insurance, and risk finance business. The Company operates through three segments. The Mental Health Care segment is engaged in the provision of mental health care services ranging from stress checks to counseling, organizational analysis, subsequent solutions, and aptitude tests for recruitment based on stress tolerance and emotional intelligence (EQ). The Employment Disability Support segment is engaged in the provision of comprehensive services related to Group Long-Term Disability (GLTD) insurance, offering sales of insurance products and professional know-how and supplementary services including system design, proposals, consulting and support for returning to work. The Risk Financing segment sells individual insurance products, such as cancer insurance, mainly to individuals working for companies and other organizations.
ADVANTAGE RISK MANAGEMENT CO., LTD. 
