Tranche Update on Sakai Holdings Co.,Ltd.'s Equity Buyback Plan announced on November 13, 2017.
April 02, 2018 at 11:30 am IST
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From January 1, 2018 to March 31, 2018, the company has repurchased 52,800 shares, representing 0.48% for ¥37.42 million. With this, the company has completed the repurchase of 116,100 shares, representing 1.06% for ¥79.77 million under the buyback announced on November 13, 2017.
SAKAI Holdings CO.,LTD is a Japan-based company primarily engaged in mobile communication equipment sales business and the renewable energy business. It operates through five business segments. Renewable Energy segment is engaged in electricity sales at a fixed unit price for 20 years to power companies. Mobile Communication Equipment Sales related segment is engaged in sales of mobile communication equipment provided by mobile communication carriers, and distribution of subscription contracts to general users. Insurance Agency segment sells medical insurance and other third sector insurance which are entrusted by insurance companies. Funeral segment provides general customer services for the implementation of funerals, as well as the disclaimer after the funeral. Real Estate Leasing and Management segment is engaged in leasing of real estate properties such as parking lots and the collection of usage fees from general consumers. It also sells solar power generation panels.