Chuou International Group Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 2.45% for ¥16 million.
May 12, 2021 at 02:30 am
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Chuou International Group Co., Ltd. (TSE:7170) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 2.45% of its issued share capital (excluding treasury stock), for a total purchase price of ¥16 million. The purpose of the program is to enable the flexible execution of capital policies in response to changes in the business environment. The program will be valid till June 30, 2021. As of May 12, 2021, the company has 2,861,860 issued shares (excluding treasury stock) and 476,100 treasury shares.
CHUOU INTERNATIONAL GROUP CO.,LTD is a Japan-based company engaged in the insurance agency business based on the agency contract with the non-life insurance companies and life insurance companies. The Company operates through two business segments. The Insurance Service segment provides various types of insurance. In addition to traditional fire insurance and car insurance, this segment also provides new types of insurance, liability insurance and various insurance products according to the customer's lifestyle. The Real Estate Leasing segment obtains rental income from tenants by purchasing real estate already owned by the Company or new real estate.