Loginet Japan Co., Ltd. closed an Equity Buyback in the amount of ¥190.38 mm
November 20, 2012 at 12:00 am
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The Board of Directors of Loginet Japan Co., Ltd. (SPSE:9027) authorized a share repurchase program on November 19, 2012. Under the program, the company will repurchase up to 652,000 shares, representing 5.01% of its outstanding share capital, at a price of ¥292 per share, for a total cost of ¥190.38 million. Repurchases will be made through Sapporo Securities Exchange in Off-Auction own share acquisition. The purpose of the plan is to make the pursuit of an agile capital strategy, responsive to change in the business world possible. The company will make repurchases in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The company will make repurchases on November 20, 2012.
Loginet Japan completed its share repurchase program on November 20, 2012.
LOGINET JAPAN CO., LTD. is a Japan-based holding company mainly engaged in the freight transportation business. The Company operates in three business segments. The Sapporo Express Group segment is engaged in the transportation business, including cargo automobile transportation, railway transportation and air freight transportation, and the provision of warehousing and moving services; the merchandising business, including the sale of vehicles, office equipment and diesel oil, as well as other businesses, including tourism, nonlife insurance agency, real estate leasing and car repairing businesses. The Central Express Group segment is engaged in the cargo automobile transportation, railway transportation, as well as the eco-business. The Loginet Japan West Japan Group segment is engaged in the cargo automobile transportation and warehousing business. The others business mainly involves in the real estate leasing business and drinking water sale business.
LOGINET JAPAN CO., LTD. 