Tranche Update on G-7 Holdings Inc.'s Equity Buyback Plan announced on July 31, 2020.
September 01, 2020 at 02:00 am EDT
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From July 31, 2020 to August 31, 2020, the company has repurchased 2,189,395 shares, representing 9.04% for ¥4,792.59 million. With this, the company has completed the repurchase of 2,189,395 shares, representing 9.04% for ¥4,792.59 million under the buyback announced on July 31, 2020.
G-7 HOLDINGS Inc. is a Japan-based company mainly engaged in the sale of automobile and motorcycle-related goods and parts, the purchase and sale of new and used automobiles and motorcycles, the sale of food and miscellaneous goods, the wholesale of selected food, the direct sale of agricultural products, the purchase and sale of recycle goods, as well as the operation of real estate rental business. The Company operates in three business segments. The Autobacs and Vehicle-Related segment is engaged in the sale of automobiles and motorcycles, as well as the related parts and supplies. The Business Supermarket and Specialty Food segment is engaged in the sale of frozen and processed food products, as well as the wholesale of selected food products. The Other segment is involved in the direct sales of agricultural products, the purchase and sale of recycle goods, as well as the leasing of real estate.