Nikkon Holdings Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 0.46% for ?619.2 million.
December 03, 2021 at 02:00 am EST
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Nikkon Holdings Co., Ltd. (TSE:9072) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.46% of its share capital, for ?619.2 million. The shares will be repurchased at price of ?2,064 per share. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment. The share program will expire on December 6, 2021. As of November 30, 2021, the company had 65,821,355 shares outstanding (excluding treasury shares) and 2,418,537 shares in treasury.
NIKKON Holdings Co., Ltd. mainly conducts transportation business, warehouse business, packing business, test business and others. The Company operates in four business segments. The Transportation segment is engaged in the transportation of four-wheeled vehicles, two-wheeled vehicles, automobile parts, housing equipment and agricultural machinery, among others. The Warehouse segment is engaged in the storage of four-wheeled vehicles, two-wheeled vehicles, automobile parts, housing equipment and agricultural machinery, among others. The Packing segment is engaged in the distributive processing, delivery and packing of cargoes. The Test segment is involved in the test of four-wheeled vehicles, two-wheeled vehicles, automobile parts, housing equipment and agricultural machinery, among others. The others businesses include the clearance of customs, the repair of vehicles, the sale of petrochemical products, the non-life insurance agency business and others.
NIKKON HOLDINGS CO.,LTD. 
