Shin Maint Holdings Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 0.75% for ¥80.8 million.
May 28, 2019 at 03:30 am EDT
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Shin Maint Holdings Co.,Ltd. (TSE:6086) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 0.75% of the outstanding shares, at ¥2,020 per share for ¥80.8 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of February 28, 2019, the company had 5,326,788 shares outstanding and 57,312 shares in treasury.
Shin Maint Holdings Co.,Ltd. is a Japan-based company mainly engaged in the provision of maintenance services for various facilities and equipment in stores. Main customers are major restaurant chains and retail chains. The one-stop maintenance services provide an emergency maintenance service that responds to sudden troubles in various facilities and equipment, and a preventive maintenance service that regularly checks, maintains, and cleans various facilities and equipment. The maintenance outsourcing service provides support to improve the maintenance capability of the kitchen equipment manufacturer by providing a maintenance system. The emergency maintenance service accepts repair requests 24 hours a day, 365 days a year. The preventive maintenance services provide tailored maintenance based on store conditions.
SHIN MAINT HOLDINGS CO.,LTD. 
