Maruhachi Warehouse Company, Limited announces an Equity Buyback for 1,456,200 shares, representing 19.98% for ¥1,269.81 million.
November 24, 2017 at 02:30 am EST
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Maruhachi Warehouse Company, Limited (TSE:9313) announces a share repurchase program. Under the program, the company will repurchase 1,456,200 shares, representing 19.98% of the outstanding shares, at ¥872 per share for ¥1,269.81 million. The purpose of the program is to improve earnings per share and return on equity, and to improve corporate value and shareholder profits. As of November 24, 2017, the company had 7,289,446 shares outstanding and 10,554 shares in treasury.
Maruhachi Warehouse Company, Limited is engaged in the logistics business and real estate businesses. The Company operates in two business segments. The Logistics segment provides warehousing services, cargo handling operations and warehouse leasing services, as well as general freight car transport business and transport agency business. The Real Estate segment is engaged in the development, purchase, sale, brokerage, leasing and management of real estates, the provision of consulting services on properties, as well as the rental business of condominiums, office buildings and others.
MARUHACHI WAREHOUSE COMPANY, LIMITED 
