Gakkyusha Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1.8% for ¥200 million.
April 09, 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 200,000 shares, representing 1.8% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until July 9, 2020. As of March 31, 2020, the company had 11,119,659 shares outstanding and 92,633 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.