CB GROUP MANAGEMENT Co., Ltd. announces an Equity Buyback for 40,000 shares, representing 1.92% for ¥105.2 million.
August 22, 2019 at 03:30 am
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CB GROUP MANAGEMENT Co., Ltd. (JASDAQ:9852) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 1.92% of the outstanding shares, at ¥2,630 per share for ¥105.2 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder value. As of August 22, 2019, the company had 2,084,025 shares outstanding and 377,823 shares in treasury.
CB Group Management Co Ltd is a Japan-based company mainly engaged in the daily necessities business and the real estate leasing business. The Company operates in two business segments. The Daily Necessities segment is engaged in the wholesale of soap, detergent, cosmetics, daily necessities, pesticide, bug repellent, medical hygiene products, paper and menstrual sanitary products, toothbrushes and other daily necessities and sundries. The Real Estate Leasing segment leases leases offices, warehouses, and parking lots.