Broad-minded Co.,Ltd. announces an Equity Buyback for 125,000 shares, representing 2.34% for ?100 million.
November 12, 2021 at 12:25 pm IST
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Broad-minded Co.,Ltd. (TSE:7343) announces a share repurchase program. Under the program, the company will repurchase up to 125,000 shares, representing 2.34% of its issued share capital for ?100 million. The purpose of the program is for shareholder returns and to enable flexible execution of capital policies in response to changes in the business environment. The program is valid till March 31, 2022. As of November 12, 2021, the company had 5,349,970 shares issued (excluding treasury stock) and 30 shares in treasury.
Broad Minded Co Ltd is mainly engaged in the financial partner business. The Company is engaged in supporting individual customers for asset formation and financial planning based on life planning, and also providing corporate customers with support for solving corporate management issues centered on financial and business risk countermeasures. In addition, the Company provides individual and corporate customers with sales and brokerage of financial products (life insurance, non-life insurance, securities, housing loans) and real estate (domestic real estate, overseas real estate).