Daito Trust Construction Co.,Ltd. (TSE:1878) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 2.7% of the outstanding shares for ¥25,000 million. The purpose of the program is to improve capital efficiency and return profits to shareholders.
The program will run until January 31, 2027. As of September 30, 2023, the company had 68,371,998 issued shares (excluding treasury stock) and 546,981 shares in treasury.
Daito Trust Construction Co Ltd is a Japan-based company mainly engaged in the provision of comprehensive services through building leasing businesses. It operates through four business segments. Real Estate Leasing Segment engages in bulk leasing, brokerage, and leasing of real estate, provision of rental property information, guarantor services for tenants of rental properties, and others. Construction Segment proposes plans for effective land utilization, concludes construction contracts, carries out design and construction and others. Real Estate Development Segment engages in the development and sales of logistics facilities, hotels and others. Financial Segment includes construction financing, trust services, consulting services, sales of insurance for landlords and tenants and others. Other businesses include the sale of fuel (liquefied petroleum (LP) gas), operation of day care centers and childcare facilities, provision of home care and nursing services and others.
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