Kyushu Leasing Service Co., Ltd.'s Equity Buyback in the amount of ¥1170 mm has expired
October 26, 2012 at 05:00 am
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The Board of Directors of Kyushu Leasing Service Co., Ltd. (FKSE:8596) authorized a share repurchase program on October 25, 2012. Under the program, the company will repurchase up to 6,500,000 shares, representing 21.27% of its issued share capital (excluding treasury shares), at a fixed price of ¥173 per share, for a total cost of ¥1.17 billion. The repurchases will be done on the Off-Floor trading of the Fukuoka Stock Exchange. The repurchases will be done pursuant to article 459, section 1 of the Companies Act. The purpose of the repurchase program is to implement an agile capital increase responsive to changes in the business world. Repurchases will be made on October 26, 2012. As of September 30, 2012, the company has 30,561,450 shares outstanding (treasury shares excluded) and 6,581,924 shares held in treasury.
Kyushu Leasing Service Co., Ltd.'s share repurchase program expired on October 26, 2012. Under the plan, the company repurchased 5,923,000 shares, representing 19.38% of its issued share capital (excluding treasury shares), at a fixed price of ¥173 per share, for a total cost of ¥1.02 billion. Kyushu Leasing Service Co repurchased 4,300,000 shares, representing 14.07% of its issued share capital (excluding treasury shares), at a fixed price of ¥173 per share, for a total cost of ¥743.9 million from ORIX Corporation (TSE:8591).
KYUSHU LEASING SERVICE CO., LTD. is a Japan-based company mainly engaged in the leasing and installment business. The Company operates in five business segments. The Leasing and Installment segment is engaged in the leasing and installment sale of machinery and equipment. The Financing segment is engaged in the leasing of cash and the purchase of debts. The Real Estate segment is engaged in the leasing and sale of real estate, as well as the investment in anonymous associations. The Fee Business segment is engaged in the soliciting of life insurance, the agency for automobile leasing, the provision of real estate-related services, as well as the nonlife insurance agency business. The Others segment is engaged in the electric power sales business, as well as the goods sales business.
KYUSHU LEASING SERVICE CO., LTD. 
