Kyoshin Co., Ltd. announces an Equity Buyback for 170,000 shares, representing 2.14% for ¥220.49 million.
January 10, 2019 at 02:30 am
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Kyoshin Co., Ltd. (TSE:4735) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 2.14% of the outstanding shares for ¥220.49 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 December 31, 2018, the company had 7,935,742 shares outstanding and 460,258 shares in treasury.
KYOSHIN CO., LTD. is engaged in providing educational guidance service. The Cram School segment operates private cram schools for elementary, junior high and senior high school students. This segment also operates specialty schools for Japanese students abroad, as well as provides consulting services for opening and operation of its franchise classroom. The Others segment consists of English conversation division, which provides English conversation instructions for children, students and adults; children education division, providing learning guidance and primary school entrance guidance and other courses; Japanese education business division, providing Japanese teaching services to foreign students; childcare business division, providing curriculum-based service for children under the age of five. This segment also provides human development programs.