CB GROUP MANAGEMENT Co., Ltd. announces an Equity Buyback for 40,000 shares, representing 1.92% for ¥105.2 million.
August 22, 2019 at 03:30 am EDT
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CB GROUP MANAGEMENT Co., Ltd. (JASDAQ:9852) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 1.92% of the outstanding shares, at ¥2,630 per share for ¥105.2 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder value. As of August 22, 2019, the company had 2,084,025 shares outstanding and 377,823 shares in treasury.
CB GROUP MANAGEMENT Co., Ltd, formerly CHUO BUSSAN CORPORATION, is a Japan-based company mainly engaged in the sale of daily necessities and miscellaneous goods. The Company operates in three business segments. The Daily Miscellaneous Goods segment is engaged in the wholesale of soap, detergent, cosmetics, daily necessities, pesticide, bug repellent, medical hygiene products, paper and menstrual sanitary products, toothbrushes and other miscellaneous goods. The Contracted Logistics segment is engaged in warehouse business and contracted delivery business. The Real Estate Leasing segment leases offices, warehouses and parking lots.
CB GROUP MANAGEMENT CO., LTD. 
