Kasumigaseki Capital Co.,Ltd. announces an Equity Buyback for 66,000 shares, representing 2.06% for ¥200 million.
March 13, 2020 at 02:30 am EDT
Share
Kasumigaseki Capital Co.,Ltd. (TSE:3498) announces a share repurchase program. Under the program, the company will repurchase 66,000 shares, representing 2.06% of its share capital, for ¥200 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. The program will run until August 6, 2020. As of the end of February 2020, the company had 3,206,756 shares outstanding (excluding treasury shares) and 44 shares in treasury.
Kasumigaseki Capital Co Ltd is a Japan-based company mainly engaged in the real estate consulting business, which mainly involves consulting and management related to real estate investment, as well as the development of profitable real estate. The Company operates through four businesses. The logistics business develops rental type refrigerated warehouses. The hotel business develops apartment hotels, which are medium-to long-term stay hotels for group stays of 4 to 8 people, with a focus on rooms for large groups, where there is a supply-demand gap. The healthcare-related facility business is currently focusing on the development of hospice housing among healthcare-related facilities. The Company's overseas business focuses on the United Arab Emirates (Dubai) and enters the real estate market.
KASUMIGASEKI CAPITAL CO.,LTD. 
