Taiho Transportation Co., Ltd. announces an Equity Buyback for 5,400 shares, representing 0.72% for ¥17.55 million.
April 22, 2019 at 03:30 am EDT
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Taiho Transportation Co., Ltd. (NSE:9040) announces a share repurchase program. Under the program, the company will repurchase up to 5,400 shares, representing 0.72% of its share capital, at ¥3,250 per share for ¥17.55 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of April 22, 2019, the company had 751,943 shares outstanding (excluding treasury shares) and 4,057 shares in treasury.
Taiho Transportation Co., Ltd. is a Japan-based company mainly engaged in the logistics business. The Company provides three kinds of services. The freight transportation business transports consumption-related goods such as food and daily necessities in Aichi, Gifu, Mie, and Shizuoka prefectures with the permission of the general freight vehicle transportation business. The warehouse business has distribution centers in Aichi Prefecture and Mie Prefecture, and provides integrated logistics services from collection, storage, distribution processing, delivery, and collection. The other business has a private car inspection factory, provides car inspections, regular inspections, and general repairs, and operates a non-life insurance agency business. The Company is also engaged in solar power generation business.
TAIHO TRANSPORTATION CO., LTD. 
