Seino Holdings Co., Ltd. announces an Equity Buyback for 21,000,000 shares, representing 11.21% for ¥30,000 million.
June 12, 2023 at 03:00 am EDT
Seino Holdings Co., Ltd. (TSE:9076) announces a share repurchase program. Under the program, the company will repurchase 21,000,000 shares, representing 11.21% of the outstanding shares for ¥30,000 million. The purpose of the program is enable the execution of flexible capital policies in response to changes in the business environment.
The program will run until June 12, 2024. As of May 31, 2023, the company had 187,356,042 shares outstanding and 20,323,741 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.