SG Holdings Co.,Ltd. announces an Equity Buyback for 6,490,000 shares, representing 1.03% for ¥10,000 million.
April 28, 2023 at 02:00 am EDT
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SG Holdings Co.,Ltd. (TSE:9143) announces a share repurchase program. Under the program the company will repurchase 6,490,000 shares, representing 1.03% of the outstanding shares for ¥10,000 million. The purpose of the program is to enhancing shareholder returns and improving capital efficiency.
The program will run until September 22, 2023. As of April 28, 2023, the company had 630,215,268 shares outstanding and 10,179,132 shares in treasury.
SG Holdings Co Ltd provides delivery business, logistics business and real estate business. The Company operates in three business segments. The Delivery segment provides hikyaku express courier, hikyaku large size courier service, mail service, specified letter service, art transport, delivery agent and food delivery. The Logistics segment provides distribution processing, logistics system construction, inventory storage and delivery management, international courier service and international air and sea transportation. The Real Estate segment provides real estate leasing and management, real estate development, asset management. The Company is also engaged in the transportation non-life insurance agency business, the sale of truck fuel, maintenance and sale of transportation vehicles, development and operation of logistics systems, provision of cash-on-delivery services for courier services, and the provision of human resources centered on work outsourcing in logistics facilities.
SG HOLDINGS CO.,LTD. 
