Ochi Holdings Co., Ltd. announces an Equity Buyback for 230,000 shares, representing 1.74% for ¥280 million.
February 04, 2019 at 12:45 pm IST
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Ochi Holdings Co., Ltd. (TSE:3166) announces a share repurchase program. Under the program, the company will repurchase 230,000 shares, representing 1.74% of the outstanding shares, at ¥1,130 per share for ¥280 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of December 31, 2018, the company had 13,221,116 shares outstanding and 389,854 shares in treasury.
OCHI HOLDINGS CO., LTD. is primarily engaged in the building material business, life business and processing business. The Company has three business segments. The Building Material segment sells housing related materials purchased from domestic building materials manufacturers, agents and trading companies to domestic building materials and lumber dealers, house manufacturers, general contractors, construction companies and home centers. The Life segment is involved in the purchase and sale of household goods such as heating equipment and others to supermarkets, home centers and drug stores in Hokkaido, Tohoku and Kanto areas. The Processing segment is engaged in the purchase of building materials, as well as the processing, assembly and sale of precursor structures mainly for wooden houses.
OCHI HOLDINGS CO., LTD. 
