Chuou International Group Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 1.73% for ¥15 million.
November 12, 2019 at 09:00 pm
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Chuou International Group Co., Ltd. (TSE:7170) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.73% of the outstanding shares for ¥15 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 27, 2019. As of November 13, 2019, the company had 2,898,360 shares outstanding and 439,600 shares in treasury.
CHUOU INTERNATIONAL GROUP CO.,LTD is a Japan-based company engaged in the insurance agency business based on the agency contract with the non-life insurance companies and life insurance companies. The Company operates through two business segments. The Insurance Service segment provides various types of insurance. In addition to traditional fire insurance and car insurance, this segment also provides new types of insurance, liability insurance and various insurance products according to the customer's lifestyle. The Real Estate Leasing segment obtains rental income from tenants by purchasing real estate already owned by the Company or new real estate.