Shingakukai Holdings Co.,Ltd. announces an Equity Buyback for 300,000 shares, representing 1.58% for ¥200 million.
May 14, 2021 at 06:00 am EDT
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Shingakukai Holdings Co.,Ltd. (TSE:9760) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.58% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to return profits to shareholders and to implement agile capital policies in response to changes in the business environment. The program will continue through August 20, 2021. As of April 30, 2021, the company had 19,047,124 issued shares (excluding treasury stock) and 983,876 treasury shares.
SHINGAKUKAI HOLDINGS CO.,LTD., formerly K.K. Shingakukai Holdings is a Japan-based company mainly engaged in the operation of tutoring schools and sports clubs. The Company operates in five business segments. The Tutoring School-related Business segment is engaged in the operation of tutoring schools, as well as the development and sale of educational software for elementary and middle schools. The Sports segment is engaged in the operation of sports clubs. The Leasing business segment owns and manages the rental apartments, as well as is engaged in the management and cleaning of the classroom at tutoring school. The Fund Management business segment is involved in the business of fund management. The Others segment is engaged in the placement of orders for the printing of educational materials used in tutoring schools, the purchase of equipment and consumable goods.
SHINGAKUKAI HOLDINGS CO.,LTD. 
