Meiko Trans Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.67% for ¥200 million.
December 18, 2016
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Meiko Trans Co., Ltd. (NSE:9357) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.67% of its share capital, for ¥200 million. The company is repurchasing its shares through market purchases in Nagoya Stock Exchange. The company will repurchase its shares in order to improve capital efficiency and enable the implementation of a flexible capital policy in response to future changes in the management environment. The share repurchase program will run until March 31, 2017. As of December 19, 2016, the company had 29,900,178 shares outstanding excluding treasury shares, and 3,106,026 shares in treasury.
MEIKO TRANS CO.,LTD. is a Japan-based company mainly engaged in the port transportation and related businesses. The Company operates through two business segments. The Port Transport and Related segment is involved in the comprehensive logistics business spanning the sea, land and air, as well as the provision of services through a network of domestic and overseas bases centered on the Port of Nagoya. It is divided into six business areas, including port transportation business, warehousing business, land transportation business, freight forwarding business, shipping agency business, and air cargo and international combined transportation business. The Leasing segment is involved in the real estate leasing business that makes effective use of land and buildings.
MEIKO TRANS CO., LTD. 
