Chuo Warehouse Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 0.26% for ¥61.75 million.
December 23, 2019 at 02:30 am EST
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Chuo Warehouse Co.,Ltd. (TSE:9319) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.26% of its share capital, at ¥1,235 per share for ¥61.75 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of November 30, 2019, the company had 19,022,474 shares outstanding (excluding treasury shares) and 42,423 shares in treasury.
Chuo Warehouse Co., Ltd. is mainly involved in the warehousing, transportation and international freight handling businesses. The Company operates in three business segments. The Warehouse segment involves in the issuance of warehouse securities, the operation of bonded warehouses, trunk rooms, fixed temperature and humidity warehouses and hazardous goods warehouses, and the provision of distribution and processing services, such as goods selection, inspection, needle checking, assortment, bag filling, tagging, packaging and packing, as well as the leasing of warehouses, offices and lands. The Transportation segment is engaged in the truck transportation and railway transportation operations, and the provision of insurance agency services. The International Cargo Handling segment involves in the packing of precision machinery for export, the processing and sale of cardboards, the provision of customs clearance services, and the operation of international intermodal transport business.
CHUO WAREHOUSE CO.,LTD. 