Gakkyusha Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 0.9% for ¥100 million.
August 11, 2020 at 11:30 am IST
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Gakkyusha Co.,Ltd. (TSE:9769) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.9% of its share capital, for ¥100 million. The company will repurchase its shares in order to return profits to shareholders and carry out a flexible capital policy in response to changes in the business environment. The program will run until November 30, 2020. As of June 30, 2020, the company had 11,077,059 shares outstanding (excluding treasury shares) and 135,233 shares in treasury.
GAKKYUSHA CO., LTD. is principally engaged in the operation of cram schools which provide tutoring services to test-takers aimed for middle schools, high schools and universities. The Company operates in two business segments. The Education segment operates several types of cram schools within Japan to provide general tutoring and teaching services, tutorial services, and other specific teaching and tutoring services for nursing and medical examination fields, art and fine arts college preparatory fields, tutorial services within dedicated classrooms and tutor dispatching, as well as early childhood education services. The Real Estate segment provides real estate leasing services.