Yoshicon Co.,Ltd. announces an Equity Buyback for 300,000 shares, for ¥350 million.
July 30, 2021 at 01:00 pm IST
Share
Yoshicon Co.,Ltd. (JASDAQ:5280) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 4% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the repurchase program is to implement capital policies to improve capital efficiency and enhance shareholder returns.
The share repurchase program is valid until March 31, 2022. As of June 30, 2021, the company had 7,497,798 shares outstanding excluding treasury shares and had 532,450 shares in treasury.
Yoshicon Co Ltd is a Japan-based company mainly engaged in the real estate business. The Company has four business segments. The Residence segment is engaged in the planning and sale of condominiums and single family houses. The Real Estate Development segment is engaged in the planning, development, sale, brokerage and construction of real estate such as condominiums, houses, commercial and industrial facilities. The Rental and Management segment is engaged in the rental of condominiums, commercial and industrial facilities and parking lots, the management, design and construction of condominiums, as well as the power sales business. The Materials segment is engaged in the manufacture and sale of concrete products for construction, precast concrete (PC) components for houses, as well as the civil engineering and construction business. The Company is also engaged in the beverage manufacturing business, food business, clothing sales business, advertising and insurance agency business.
YOSHICON CO.,LTD. 
