Funai Soken Holdings Incorporated announces an Equity Buyback for 420,000 shares, representing 0.84% for ¥1,000 million.
October 30, 2020 at 02:30 am EDT
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Funai Soken Holdings Incorporated (TSE:9757) announces a share repurchase program. Under the program, the company will repurchase 420,000 shares, representing 0.84% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with increasing capital efficiency by increasing its value per share. The program will run until March 31, 2021. As of December 31, 2019, the company had 49,779,009 shares outstanding (excluding treasury shares) and 3,220,991 shares in treasury.
Funai Soken Holdings Incorporated is a Japan-based company mainly engaged in the provision of management consulting business, related logistics business and other services. The Company operates through three business segments. The Management Consulting segment provides consulting services in the fields of real estate, medical, nursing, automobile-related, amusement, restaurant, education, manufacture, energy, information communication technology, human resource development, finance, marketing, office structure. The Logistics segment is engaged in the provision of logistic consulting service, operation business, cost reduction and other logistics trading for logistics industry. The Other segment provides information technology (IT) consulting, contact center consulting, direct recruiting, and system development services.
FUNAI SOKEN HOLDINGS INCORPORATED 
