Kimura Unity Co., Ltd. announces an Equity Buyback for 320,000 shares, representing 2.65% for ?440.32 million.
October 28, 2021 at 03:30 am EDT
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Kimura Unity Co., Ltd. (TSE:9368) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 2.65% of its issued share capital (excluding treasury stock), for a total purchase price of ?440.32 million. The shares will be repurchased at a price of ?1,376 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of March 31, 2021, the company had 12,068,251 issued shares (excluding treasury stock) and 1,749 treasury shares.
KIMURA UNITY CO.,LTD. is a Japan-based company mainly engaged in logistics services, automobile services, information services, and human resources services. The Company operates through four business segments. The Logistics Service business is engaged in the provision of packaging service, and the manufacture of equipment and products for loading and unloading work, and storage. The Automobile Service business is engaged in car leasing, vehicle maintenance, car sales, insurance agents and others. The Information Service business is engaged in system development, comprehensive maintenance and network-related services. The Staffing Services business is engaged in the provision of staffing services and outsourcing services. The Company is also engaged in solar power generation business.
KIMURA UNITY CO., LTD. 