San-Ai Obbli Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.53% for ¥1,600 million.
November 14, 2023 at 06:00 am
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San-Ai Oil Co.,Ltd. (TSE:8097) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.53% of its share capital, for ¥1,600 million. The company will repurchase its shares in order to enable the flexible capital policy implementation in response to changes in the business environment.
The program will expire on March 31, 2024. As of October 31, 2023, the company had 65,235,070 shares outstanding (excluding treasury shares) and 2,764,930 shares in treasury.
San-Ai Obbli Co Ltd, formerly San-Ai Oil Co Ltd, is a Japan-based company principally engaged in the sale of petroleum products, liquefied petroleum (LP) gas, as well as the storage and refueling of aircraft fuel. The Company operates in three business segments. Petroleum-Related Business segment sells, stores and ships petroleum products and manufactures and sells chemical products such as preservatives, fungicides and extinguishing agents. Gas-Related Business segment sells LP gas, natural gas, city gas and gas equipment. Aviation Related Business & Others segment is involved in the storage and refueling of aircraft fuel, the surface treatment of metal, the contract construction of building ancillary facilities and the rental of real estate.
SAN-AI OBBLI CO., LTD. 
