Meiko Trans Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.67% for ¥200 million.
June 19, 2016
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Meiko Trans Co., Ltd. (NSE:9357) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.67% of the outstanding shares, for ¥200 million. Shares will be repurchased through market purchase in the Nagoya Stock Exchange. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy corresponding to future changes in the business environment. The program will run until September 30, 2016. As of June 17, 2016, the company had 30,023,433 shares outstanding, excluding treasury shares and 2,982,771 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. 
