Sakai Holdings Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 3.66% for ¥500 million.
November 13, 2017 at 03:42 am EST
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SKI Corp. (JASDAQ:9446) announces a share repurchase program. Under the plan, the company will repurchase up to 400,000 shares representing 3.66% of its share capital for ¥320 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment in the future, along with aiming to strengthen shareholder returns and improve capital efficiency. The shares will be repurchase till October 31, 2018. As of September 30, 2017, the company had 10,924,834 shares outstanding (excluding treasury shares) and 31,666 shares in treasury.
SAKAI Holdings CO.,LTD is a Japan-based company primarily engaged in mobile communication equipment sales business and the renewable energy business. It operates through five business segments. Renewable Energy segment is engaged in electricity sales at a fixed unit price for 20 years to power companies. Mobile Communication Equipment Sales related segment is engaged in sales of mobile communication equipment provided by mobile communication carriers, and distribution of subscription contracts to general users. Insurance Agency segment sells medical insurance and other third sector insurance which are entrusted by insurance companies. Funeral segment provides general customer services for the implementation of funerals, as well as the disclaimer after the funeral. Real Estate Leasing and Management segment is engaged in leasing of real estate properties such as parking lots and the collection of usage fees from general consumers. It also sells solar power generation panels.
SAKAI HOLDINGS CO.,LTD 
