Shin Maint Holdings Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 0.76% for ¥81.76 million.
July 16, 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 up to 40,000 shares, representing 0.76% of its share capital, at ¥2,044 per share for ¥81.76 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of June 30, 2019, the company had 5,296,788 shares outstanding (excluding treasury shares) and 87,312 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. 
