Tohbu Network Co., Ltd. announces an Equity Buyback for 80,000 shares, for ¥62.64 million.
August 27, 2014
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Tohbu Network Co., Ltd. (JASDAQ:9036) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, at a price of ¥783 per share for a total of ¥62.64 million. The company will repurchase its shares through Off-auction Own Share Repurchase.
TOHBU NETWORK CO.,LTD. is a Japan-based company mainly engaged in freight truck transport, merchandise sale, real estate leasing and other businesses. The Company operates through four business segments. The Lorry Transportation segment is engaged in the development of transportation network from the Tohoku region to the Kinki region, as well as the provision of transportation services for various products. In addition, the Company provides bulk ordering services such as cargo storage operations and distribution center operations according to customer demand. The Merchandise Sale segment is mainly engaged in the sale and leasing of petroleum products, cement and vehicles. The Real Estate Leasing segment provides various rental commercial facilities such as rental office buildings and distribution centers. The Other segment is involved in car maintenance, dispatching and non-life insurance agency business.
TOHBU NETWORK CO., LTD. 
