Ichinen Holdings Co., Ltd. announces an Equity Buyback for 400,000 shares, representing 1.65% for ¥501.2 million.
September 01, 2021 at 08:15 am
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Ichinen Holdings Co., Ltd. (TSE:9619) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.65% of its share capital, for ¥501.2 million. The company will repurchase its shares in order to enable the flexible execution of capital policies in response to changes in the business environment. The program will run through September 2, 2021. As of August 31, 2021, the company had 24,298,030 shares outstanding (excluding treasury shares) and 314,197 shares in treasury.
Ichinen Holdings Co Ltd is engaged in the car leasing related business. The Company operates through five business segments. The Car Leasing Related segment is engaged in the leasing of automobiles, equipment and other movable properties, the rental business and the disposal of expired leasing cars and the entrusted automotive maintenance business, among others. The Chemical segment manufactures and sells chemical products for automobile, machinery and equipment and industrial uses. The Parking segment operates client parking lots and coin-operated parking lots. The Machine Tool Sales segment sells machine tools, automotive maintenance tools, air conditioning tools and measuring tools, among others. The Synthetic Resin segment is engaged in the design, manufacture and sale of synthetic resin products. It is also engaged in the production and sales of agricultural products, leasing and management of properties, as well as the manufacture and sale of processed glass products.
ICHINEN HOLDINGS CO.,LTD. 
