Shin Pro Maint Inc. announces an Equity Buyback for 140,000 shares, representing 8.32% for ¥335.44 million.
May 10, 2017 at 05:31 am EDT
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Shin Pro Maint Inc. (TSE:6086) announces share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 8.32% of the outstanding shares, at ¥2,396 per share for ¥335.44 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to implement a flexible capital strategy which responds to changes in the business environment. As of February 28, 2017, the company had 1,683,257 shares outstanding (excluding treasury shares) and 100,043 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. 
