First Juken Co., Ltd.'s Equity Buyback in the amount of ¥2665.27 mm has expired
October 05, 2012 at 12:00 am EDT
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The Board of Directors of Advan Co. Ltd (TSE:7463) authorized a share repurchase program on October 4, 2012. Under the program, the company will repurchase up to 3,110,000 shares, representing 18.41% for ¥2.67 billion. The shares will repurchased at a price of ¥857 per share based on the closing price as on October 4, 2012. The shares will be repurchased on the Osaka Securities Exchange J-NET Market, Treasury Shares Acquisition Trading. The purpose of the program is to improve capital efficiency and to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. The shares will be repurchased in accordance to Article 459, section 1 of the Company Act. The program will take place as on October 5, 2012. As of October 4, 2012, the company has 16,901,374 outstanding shares excluding treasury and 526 shares in treasury.
First Juken Co., Ltd. completed the share repurchase program on October 5, 2012. Under the program, the company has repurchased 3,102,400 shares, representing 18.37% for ¥2.66 billion.
First Juken Co., Ltd. is primarily engaged in developing and selling detached houses and contract work. The Detached Housing segment is engaged in the planning, development and sale, and contractor work of detached housing, and additionally insurance agency and other related business. The Others segment is engaged in condominium business, including development and sale of new condominiums, renovation and sale of existing condominiums, condominium rental and related business. The condominium business sells new condominium buildings and sells second-hand condominiums after renovation. The construction of new condominiums business engages in the purchase of land for sale, construction management, distribution and sale of various constructions.
FIRST JUKEN CO., LTD. 
