LC Holdings, Inc. announces an Equity Buyback for 1,165,200 shares, representing 20.96% for ¥1,700 million.
June 01, 2018 at 08:55 am
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LC Holdings, Inc. (JASDAQ:8938) announces a share repurchase program. Under the program, the company will repurchase up to 1,165,200 shares, representing 20.96% of its share capital, for ¥1,700 million. The company will repurchase its shares as a result of comprehensively examining the improvement of its capital efficiency and the implementation of a flexible capital policy which responds to the business environment. The company will purchase its shares from its shareholder, Mr. Ryoichi Honjo. The share repurchase program will run until June 26, 2019. As of March 31, 2018, the company had 5,559,982 shares outstanding (excluding treasury shares) and 418 shares in treasury.
GLOME Holdings,Inc., formerly LC Holdings, Inc., is a Japan-based company mainly engaged in the real estate rental business. The Company operates in four business segments. The Real Estate Leasing Related segment is mainly engaged in the real estate leasing business, the brokerage business and the property management business. The Real Estate Fund segment is mainly engaged in the asset management business, the fund arrangements business and related business. The Hospital Related segment is mainly engaged in the operation support and regeneration of hospitals. The Special Purpose Company (SPC) Related segment is mainly engaged in the management, operation and sale of real estate held by SPC. The Company is also engaged in the crowdfunding business.
GLOME HOLDINGS,INC. 
