Tranche Update on Escrow Agent Japan, Inc.'s Equity Buyback Plan announced on April 16, 2020.
June 05, 2020 at 02:00 am EDT
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From April 16, 2020 to May 31, 2020, the company has repurchased 840,400 shares, representing 1.98% for ¥159.57 million. With this, the company has completed the repurchase of 840,400 shares, representing 1.98% for ¥159.57 million under the buyback announced on April 16, 2020.
Escrow Agent Japan, Inc. manages the administrative affairs between the sales contracting and the transaction settlement in the real estate transaction. The The company provides various services to financial institutions, judicial scrivener and real estate and construction companies, to improve the rationalization and efficiency of administrative work and the reliability of affairs. The Company operates in three segments. The Escrow Service segment provides systems and information technology (IT) service, building complete and delivery support service, as well as escrow accounts. The Business Process Outsourcing (BPO) segment provides property investigation, support service for execution of loan agreement, as well as manpower dispatching service. The Real Estate Auction segment provides real estate investigation, transaction price determination using real estate auction system, trust account for risk avoidance.