Relo Group, Inc. announces an Equity Buyback for 1,750,000 shares, representing 1.16% for ¥5,000 million.
February 28, 2018 at 02:30 am EST
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Relo Group, Inc. (TSE:8876) announces a share repurchase program. Under the program, the company will repurchase 1,750,000 shares, representing 1.16% of the outstanding shares for ¥5,000 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2018. As of January 31, 2018, the company had 150,220,148 shares outstanding and 2,731,052 shares in treasury.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
