Iyogin Holdings,Inc. announces an Equity Buyback for 6,000,000 shares, representing 1.91% for ¥4,000 million.
February 10, 2023 at 01:00 am EST
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Iyogin Holdings,Inc. (TSE:5830) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 1.91% of its share capital, for ¥4,000 million. The purpose of the program is to return profits regularly and effectively utilize capital for growth.
The program will expire on April 28, 2023. As of December 31, 2022, the company had 313,408,831 shares in issue (excluding treasury stock) and 1,053,169 shares in treasury.
Iyogin Holdings Inc is a Japan-based company mainly engaged in financial services such as leasing, with a focus on banking operations. The banking business is engaged in deposit business, lending business, securities investment business, and exchange business, as well as banking business agency business, credit guarantee business, credit card business, and investment fund management business. The leasing business is engaged in the provision of leasing business. In addition, the Company is also engaged in information processing consignment business and software development business.