Loginet Japan Co., Ltd.'s Equity Buyback in the amount of ¥39.15 mm has expired
December 26, 2012 at 12:00 am EST
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The Board of Directors of Loginet Japan Co., Ltd. (SPSE:9027) authorized a share repurchase program on December 25, 2012. Under the program, the company will repurchase up to 135,000 shares, representing 1.09% of its outstanding share capital, at a price of ¥290 per share, for a total cost of ¥39.15 million. Repurchases will be made by a consignment through Off-Auction Own Share Repurchase Trading of the Sapporo Securities Exchange. The repurchase program will be in accordance with the provisions of article 156 in lieu of article 165, section 3 of the Companies Act. The repurchase will take place on December 26, 2012.
Loginet Japan Co., Ltd.'s share repurchase program expired on December 26, 2012. Under the program, the company has repurchased 122,000 shares, representing 0.99% for ¥35.38 million.
LOGINET JAPAN CO., LTD. is a Japan-based holding company mainly engaged in the freight transportation business. The Company operates in three business segments. The Sapporo Express Group segment is engaged in the transportation business, including cargo automobile transportation, railway transportation and air freight transportation, and the provision of warehousing and moving services; the merchandising business, including the sale of vehicles, office equipment and diesel oil, as well as other businesses, including tourism, nonlife insurance agency, real estate leasing and car repairing businesses. The Central Express Group segment is engaged in the cargo automobile transportation, railway transportation, as well as the eco-business. The Loginet Japan West Japan Group segment is engaged in the cargo automobile transportation and warehousing business. The others business mainly involves in the real estate leasing business and drinking water sale business.
LOGINET JAPAN CO., LTD. 
