Seino Holdings Co., Ltd. announces an Equity Buyback for 3,125,000 shares, representing 1.57% for ¥2,500 million.
July 30, 2016
Share
Seino Holdings Co., Ltd. (TSE:9076) announces a share repurchase program. Under the program, the company will repurchase up to 3,125,000 shares, representing 1.57% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will be in accordance with the provisions of articles of incorporation from the regulations of Article 459-1-1 of the Companies Act. The share repurchase program is valid until September 23, 2016. As of June 30, 2016, the company had 198,788,765 shares outstanding excluding treasury shares and had 8,891,018 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. 
