Ichishin Holdings Co.,Ltd. announces an Equity Buyback for 550,000 shares, representing 5.19% for ¥178.75 million.
November 11, 2020 at 02:30 am EST
Share
Ichishin Holdings Co.,Ltd. (JASDAQ:4645) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 5.19% of its total shares for ¥178.75 million. The shares will be repurchased at a purchase price of ¥325 per share. The purpose of the program is to enable the execution of agile capital policies that flexibly respond to changes in the business environment. The program will expire on November 12, 2020. As of August 31, 2020, the company had 10,604,888 shares in issue (excluding treasury stock) and 57 shares in treasury.
ICHISHIN HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the education-related business. The Company is engaged in the operation of cram schools in Tokyo, Chiba, and Kanagawa for infants, elementary and junior high school students, and senior high school students. It is also engaged in the video business for corporations and the production and sale of content in the education and medical markets. It also manages and operates early childhood education business, schoolchild childcare business and residential type elderly nursing homes. The main cram school brands are ICHISHIN Gakuin, ICHISHIN Yobiko, Taro Juku, Tokyo Gakuen, Edo Culture Center, Ando Juku, MANA. The schoolchild care brands are Nanakara and Miraie International School. The nursing care business brands are Yuyuvillage Hamura and Yuyuvillage Akishima.
ICHISHIN HOLDINGS CO.,LTD. 
