Kyoei Security Service Co., Ltd. announces an Equity Buyback for 75,000 shares, representing 4.98% for ¥300 million.
August 14, 2020 at 02:30 am EDT
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Kyoei Security Service Co., Ltd. (JASDAQ:7058) announces a share repurchase program. Under the program, the company will repurchase 75,000 shares, representing 4.98% of its share capital, for ¥300 million. The company will repurchase its shares in order to return profits to all shareholders, along with aiming to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. The program will run until March 31, 2021. As of July 31, 2020, the company had 1,506,500 shares outstanding (excluding treasury shares) and 167 shares in treasury.
Kyoei Security Service Co., Ltd. is a Japan-based company mainly providing security service. The Companyâs Security Service segment includes service on facility and patrol security field as well as service on crowd control and traffic guard field. The facility and patrol security field includes services such as facility security service, reception/concierge service, parking lot security service and airport fire service. The crowd control and traffic guard field includes services like traffic guarding security service, event security service and highway security service. Other businesses include bodyguard service, parking lot management service, apartment management service, building and facility management service, among others.
KYOEI SECURITY SERVICE CO., LTD. 
