Goodspeed. Co., Ltd. announces an Equity Buyback for 90,000 shares, representing 2.94% for ¥70 million.
May 13, 2020 at 02:00 am EDT
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Goodspeed. Co., Ltd. (TSE:7676) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 2.94% of the outstanding shares for ¥70 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until August 13, 2020. As of May 13, 2020, the company had 3,065,000 shares outstanding and 0 shares in treasury.
Good Speed Co Ltd is a Japan-based company principally involved in the sale of used cars and motorcycles, automobile sales, and related businesses. The Company provides used car sales, car purchasing, maintenance and body repair, insurance agency, rental car, and gas station services. The used car sales business operates MEGA specialty stores for used cars, domestic car specialty stores, and imported car specialty stores. The car acquisition business acquires cars through batch acquisition assessment sites operated by multiple companies. The maintenance and sheet metal business provides services such as the maintenance of sold cars and car inspections. Insurance agency business provides agency service of general insurance companies. The car rental business provides vehicle rental services.
GOODSPEED CO.,LTD. 
