J Trust Co., Ltd. announces an Equity Buyback for 4,000,000 shares, representing 2.91% for ¥2,000 million.
February 13, 2024 at 07:00 am
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J Trust Co., Ltd. (TSE:8508) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.91% of the outstanding shares, for ¥2,000 million. The purpose of the program is to return profits to shareholders and enhance capital efficiency.
The program is valid till November 30, 2024. As of January 31, 2024, the company had 137,652,104 shares outstanding (excluding treasury stock) and 9,386,211 shares in treasury.
J Trust Co Ltd is a Japan-based company mainly engaged in Japan finance business, Korea and Mongolia finance business, Southeast Asia finance business, real estate business, and investment business. The Company operates in five business segments. The Japan Finance segment consists of credit guarantee services, debt collection services, credit and consumer credit services, securities services, and other financial services. The Korea and Mongolia Financial segment consists of savings banking, debt collection, and financial services. The Southeast Asia Finance segment includes banking and debt collection services. The Real Estate segment consists of real estate development, subdivision, and sales of single-family houses, design and construction of detached houses, real estate leasing, and real estate rental management. The Investment segment consists of domestic and overseas investment operations. The Company is also engaged in system business.