Tranche Update on Trancom Co., Ltd.'s Equity Buyback Plan announced on April 27, 2022.
February 13, 2023 at 01:00 am EST
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From January 1, 2023 to February 10, 2023, the company has repurchased 40,000 shares, representing 0.42% for ¥290.41 million. With this, the company has completed the repurchase of 279,200 shares, representing 2.88% for ¥1,999.48 million under the buyback announced on April 27, 2022.
TRANCOM CO., LTD. is a Japan-based company mainly engaged in the provision of logistics business of client companies and the construction and operation of logistics network. The Company operates through three business segments. The Logistics Management business is engaged in the lump-sum commissioning of logistics functions of client companies and the operation of distribution centers. The Logistics Information Service business is engaged in the provision of empty vehicle information and cargo-requesting matching information and trunk transportation. The Industrial Support business is engaged in the provision of production contracting and temporary staffing services. The Company is also engaged in vehicle maintenance and non-life insurance agency, truck leasing and maintenance management, production contracting, overseas logistics and information system development.