ERI Holdings Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 2.55% for ¥201.8 million.
January 23, 2018 at 02:30 am
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ERI Holdings Co., Ltd. (TSE:6083) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.55% of the outstanding shares for ¥201.8 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of November 30, 2017, the company had 7,832,317 shares outstanding and 83 shares in treasury.
ERI Holdings Co Ltd is a Japan-based company mainly engaged in the evaluation, rating, and inspection businesses. The Company operates through three segments. The Building Confirmation and Inspection and Related Business segment is engaged in the inspection and confirmation of buildings, and the structural evaluation of high-rise buildings. The Housing Performance Evaluation and Related Business segment is engaged in the housing performance evaluation of new and existing homes, and technical review work related to the certification of long-term excellent homes. The Solution Business segment is engaged in due diligence work, inspection work, housing and consumer work. The Company conducts inspections for housing defect liability insurance, Flat 35 compliance certification, and technical reviews of low-carbon buildings. It also provides regular architect training, exam courses, seminars, and contract development of architectural computer-aided design (CAD) and cost estimating systems.
ERI HOLDINGS CO., LTD. 
