J.S.B.Co.,Ltd. announces an Equity Buyback for 110,000 shares, representing 1.14% for ¥300 million.
December 14, 2020 at 11:30 am IST
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J.S.B.Co.,Ltd. (TSE:3480) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.14% of the outstanding shares for ¥300 million. The purpose of the program is to return profits to shareholders, to improve capital efficiency, and to implement agile capital policies according to the business environment. The program will run until April 30, 2021. As of November 30, 2020, the company had 9,609,273 shares outstanding and 176,127 shares in treasury.
J.S.B. Co., Ltd. is a Japan-based company mainly engaged in real estate leasing management business, elderly housing business and other businesses. The Company operates two business segments. The Real Estate Rental Management segment is mainly engaged in planning and development, rental and management of real estate such as apartment for students. The Elderly Housing segment is mainly engaged in elderly housing rental and nursing care business. other businesses include student support services, Japanese language school business and the sale of real estate business.