Riso Kyoiku Co., Ltd. announces an Equity Buyback for 4,000,000 shares, representing 2.71% for ¥1,200 million.
February 10, 2020 at 01:30 am EST
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Riso Kyoiku Co., Ltd. (TSE:4714) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 2.71% of its share capital, for ¥1,200 million. The company will repurchase its shares as part of returning profits to its shareholders. The program will run until May 11, 2020. As of February 10, 2020, the company had 147,622,979 shares outstanding (excluding treasury shares) and 8,586,850 shares in treasury.
RISO KYOIKU CO., LTD. is a Japan-based company mainly engaged in the provision of private education services. The Company has five business segments. The Cram Schools segment is engaged in the provision of educational and preparatory courses through individualized instructions to students in all grades. The Tutor Dispatched Education segment is engaged in the provision of educational and preparatory courses by sending home tutors to students in all grades. The Children Education segment is engaged in the provision of instructions for prestigious kindergartens and primary schools entrance examinations. The School Individual Instructions segment is engaged in the provision of educational and preparatory courses through individual guidance booths in schools. The Personality Camp Training Education segment is engaged in the provision of personality training instructions. The Company is also engaged in the English conversation school business and the student recruitment business.
RISO KYOIKU CO., LTD. 
