Tranche Update on USS Co., Ltd.'s Equity Buyback Plan announced on February 12, 2019.
August 09, 2019 at 03:00 am EDT
Share
From July 1, 2019 to August 9, 2019, the company has repurchased 1,245,900 shares, representing 0.49% for ¥2,616.8 million. With this, the company has completed the repurchase of 4,836,800 shares, representing 1.91% for ¥9,999.91 million under the buyback announced on February 12, 2019.
USS Co Ltd is a Japan-based company mainly engaged in the auto auctions business. The Company operates in two business segments. The Auto Auction segment is engaged in the operation of auto auctions with used car dealers as members, the management of motorcycle auctions with used motorcycle dealers as members, the provision of auto auction connection services by satellite TV line and Internet, the provision of used car information services, the land transportation agency of exhibited cars and successful cars of auto auction, as well as the provision of financial services for auto auction members. The Used Automobile Purchase and Sale segment is engaged in the purchase and sale of used cars and accident-affected vehicles. The other business is engaged in the recycling of used vehicles, the provision of agency services for used vehicles, the sale of solar power generation systems and rental cars, as well as production and sale of recycled plastics.
USS CO., LTD. 
