Higashi Twenty One Co., Ltd. announces an Equity Buyback for 340,000 shares, representing 2.58% for ¥166.94 million.
January 25, 2019 at 07:30 am
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Higashi Twenty One Co., Ltd. (TSE:9029) announces a share repurchase program. Under the program, the company will repurchase 340,000 shares, representing 2.58% of the outstanding shares, at ¥491 per share for ¥166.94 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of December 31, 2018, the company had 13,176,258 shares outstanding and 542 shares in treasury.
HIGASHI TWENTY ONE CO., LTD. is a company mainly engaged in the logistics business. The Company operates in four business segments. The Transportation segment is engaged in the provision of various services, including delivery, office moving, reverse logistics, information technology (IT)-related business, delivery services in office buildings and mailing, as well as the store facility-related business. The Warehouse segment is engaged in the provision of product storage and document services. The Merchandise Sale segment is engaged in the sale of office automation (OA) toners and packaging materials. The Welfare segment provides latest bed, wheelchair and other welfare equipment to nursing care supporters. The others business is involved in the parking lot business, the operation of business support centers, the rental of welfare equipment, the erasure of personal computer (PC) data, the development and sale of software, the digital solution business, among others.
HIGASHI TWENTY ONE CO., LTD. 
