Daiun Co.,Ltd. announces an Equity Buyback for 1,200,000 shares, representing 19.31% for ¥300 million.
June 25, 2021 at 02:00 am EDT
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Daiun Co.,Ltd. (TSE:9363) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 19.31% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement agile capital policies according to the business environment. The program will be valid till June 30, 2022. As of May 31, 2021, the company had 6,214,322 issued shares (excluding treasury stock) and 13,717 treasury shares.
DAIUN CO., LTD. is a Japan-based company mainly engaged in the comprehensive logistics centered on port transport at Osaka Port. The Company operates through two business segments. The Port Transport segment operates in four areas. The general port cargo handling business and the port cargo handling business are involved in the transportation and handle of cargo and coastal cargo. The customs brokerage business is involved in the customs clearance for import and export cargo. The warehousing business is involved in the storage and unloading of ordinary warehouses. The Automobile Transportation segment is involved in the transportation of local transportation and collection of general land freight by large and small trucks, the long-distance freight transportation and inter-district transportation, as well as the inland transportation of international marine container cargo. The Company is also involved in the agency business of various non-life insurance.
DAIUN CO.,LTD. 
