Chuou International Group Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 2.03% for ¥20 million.
June 11, 2019 at 10:00 pm
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Chuou International Group Co., Ltd. (TSE:7170) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.03% of its share capital, for ¥20 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The share repurchase program will run until July 31, 2019. As of June 12, 2019, the company had 2,958,360 shares outstanding (excluding treasury shares) and 379,600 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.