Tranche Update on Daiwa Motor Transportation Co., Ltd.'s Equity Buyback Plan announced on June 15, 2016.
June 15, 2016 at 10:51 pm EDT
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From June 15, 2016 to June 16, 2016, the company has repurchased 1,400,000 shares, representing 14.49% for ¥774.2 million. With this, the company has completed the repurchase of 1,400,000 shares, representing 14.49% for ¥774.2 million under the buyback announced on June 15, 2016.
Daiwa Motor Transportation Co., Ltd. is a Japan-based company principally engaged in passenger car transportation business, real estate business, as well as fuel and materials sale business. The Company also develops business activities, such as the sale of automobile meter devices related to each business, as well as the manufacture and sale of metal products. The Company operates in three business segments. Passenger Car Transportation segment is involved in hired car business, operation management business and taxi business. Real Estate segment is involved in the provision of leasing, trading, brokerage, management and cleaning services. Sale segment is involved in the sale of fuel and materials, the manufacture and sale of metal products, as well as the sale and repair of automobile meters.