E'grand Co.,Ltd announces an Equity Buyback for 150,000 shares, representing 2.36% for ¥100 million.
January 30, 2017
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e'grand Co.,Ltd (TSE:3294) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 2.36% of its issued share capital, for a total of ¥100 million. Shares will be repurchased by market purchase based on a deal negotiation contract in relation to the acquisition of own shares. The purpose of the program is to improve shareholder returns and enable the implementation of a flexible capital policy. The share repurchase program is valid until March 31, 2017. As of January 31, 2017, the company had 6,362,000 shares outstanding and 0 shares in treasury.
e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.
E'GRAND CO.,LTD 
