Senkon Logistics Co., Ltd. announces an Equity Buyback for 33,000 shares, for ¥27.56 million.
September 21, 2023 at 08:30 am
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Senkon Logistics Co., Ltd. (TSE:9051) announces a share repurchase program. Under the program, the company will repurchase up to 33,000 shares, representing 0.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥27.56 million. The shares will be repurchased at a price of ¥835 per share.
The purpose of the program is to implementing flexible capital policies in response to changes in the business environment and to return profits to shareholders. As of August 31, 2023, the company has 5,022,361 issued shares (excluding treasury stock) and 628,639 treasury shares.
SENKON LOGISTICS CO., LTD. is a Japan-based company mainly engaged in the transportation, warehousing, automobile sales, renewable energy, agriculture and other business. The Company has six business segments. The Transportation segment is engaged in the domestic transportation of domestic cargoes and the cargoes for export and import. The Warehousing segment is engaged in the provision of logistics services such as storage, packaging, unpacking and clearance. The Automobile Sales segment is engaged in the purchase, sale and repair of vehicles, and the purchase and sale of previously used automobiles. The Renewable Energy segment is engaged in the power sales business that uses solar power generation facilities. The Agriculture segment is engaged in the production, wholesale and sale of agricultural products. The Other segment is engaged in the sale and rental of real estate, the provision of community based services such as the funeral business, as well as the quarrying business.
SENKON LOGISTICS CO., LTD. 
