Kyoshin Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 5.96% for ¥500 million.
October 09, 2018 at 02:30 am EDT
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Kyoshin Co., Ltd. (TSE:4735) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 5.96% of the outstanding shares for ¥500 million. The purpose of the program is to improve shareholder value per share and capital efficiency. The program will run until October 9, 2019. As of May 31, 2018, the company had 8,396,000 shares outstanding and 6,733 shares in treasury.
KYOSHIN CO., LTD. is engaged in providing educational guidance service. The Cram School segment operates private cram schools for elementary, junior high and senior high school students. This segment also operates specialty schools for Japanese students abroad, as well as provides consulting services for opening and operation of its franchise classroom. The Others segment consists of English conversation division, which provides English conversation instructions for children, students and adults; children education division, providing learning guidance and primary school entrance guidance and other courses; Japanese education business division, providing Japanese teaching services to foreign students; childcare business division, providing curriculum-based service for children under the age of five. This segment also provides human development programs.
KYOSHIN CO., LTD. 