Chuou International Group Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 3.17% for ¥30 million.
January 09, 2018 at 09:00 pm EST
Share
Chuou International Group Co., Ltd. (TSE:7170) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 3.17% of its share capital, for ¥30 million. The company will repurchase its shares based on its articles of incorporation in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until July 31, 2018. As of January 10, 2018, the company had 3,151,760 shares outstanding (excluding treasury shares) and 186,200 shares in treasury.
CHUOU INTERNATIONAL GROUP CO.,LTD is a Japan-based company engaged in the insurance agency business based on the agency contract with the non-life insurance companies and life insurance companies. The Company operates through two business segments. The Insurance Service segment provides various types of insurance. In addition to traditional fire insurance and car insurance, this segment also provides new types of insurance, liability insurance and various insurance products according to the customer's lifestyle. The Real Estate Leasing segment obtains rental income from tenants by purchasing real estate already owned by the Company or new real estate.