G-7 Holdings Inc. announces an Equity Buyback for 2,500,100 shares, representing 10.32% for ¥5,472.72 million.
July 31, 2020 at 11:30 am IST
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G-7 Holdings Inc. (TSE:7508) announces a share repurchase program. Under the program, the company will repurchase 2,500,100 shares, representing 10.32% of its share capital, for ¥5,472.72 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until August 31, 2020. As of July 31, 2020, the company had 24,221,074 shares outstanding (excluding treasury shares) and 2,451,726 shares in treasury.
G-7 HOLDINGS Inc. is a Japan-based company mainly engaged in the sale of automobile and motorcycle-related goods and parts, the purchase and sale of new and used automobiles and motorcycles, the sale of food and miscellaneous goods, the wholesale of selected food, the direct sale of agricultural products, the purchase and sale of recycle goods, as well as the operation of real estate rental business. The Company operates in three business segments. The Autobacs and Vehicle-Related segment is engaged in the sale of automobiles and motorcycles, as well as the related parts and supplies. The Business Supermarket and Specialty Food segment is engaged in the sale of frozen and processed food products, as well as the wholesale of selected food products. The Other segment is involved in the direct sales of agricultural products, the purchase and sale of recycle goods, as well as the leasing of real estate.
G-7 HOLDINGS INC. 
