Trancom Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 3.11% for ¥2,000 million.
April 26, 2023 at 02:00 am EDT
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Trancom Co., Ltd. (TSE:9058) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 3.11% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to return profits to shareholders and to implement a flexible capital policy that responds to changes in the business environment.
The program will run until March 29, 2024. As of March 31, 2023, the company had 9,651,565 shares in issue (excluding treasury shares) and 672,585 shares in treasury.
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.
TRANCOM CO., LTD. 
