Seino Holdings Co., Ltd. announces an Equity Buyback for 20,000,000 shares, representing 9.96% for ¥20,000 million.
May 13, 2020 at 02:20 am EDT
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Seino Holdings Co., Ltd. (TSE:9076) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 9.96% of the outstanding shares for ¥20,000 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 23, 2020. As of April 30, 2020, the company had 200,849,614 shares outstanding and 6,830,169 shares in treasury.
SEINO HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the transportation business, automobile sales business, goods sales business, real estate leasing business and other business. The Company operates in four segments. The Transportation segment is engaged in domestic transportation business centered on freight trucking transportation as well as other businesses include air transportation, rail transportation, water transportation, warehousing business, air transport agency business, property insurance agency business and international transportation. The Automobile Sales segment is engaged in the sales and repair of trucks, passenger cars and auto parts. The Goods Sales segment is engaged in the sales of fuel and paper, etc. The Real Estate Leasing segment is engaged in the leasing of assets such as substitute track terminal vacant sites. Other businesses include information related business, administrative agency business, advertising agency business, etc.
SEINO HOLDINGS CO., LTD. 
