EBASE Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 0.87% for ¥300 million.
October 31, 2023 at 03:00 am EDT
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eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.87% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and a higher stock price while maintaining a dividend payout ratio.
The program will expire on February 29, 2024. As of September 30, 2023, the company had 45,841,343 issued shares (excluding treasury stock) and 1,323,457 treasury shares.
eBASE Co Ltd is a Japan-based company mainly engaged in the eBASE business and eBASE-PLUS business. It operates through two segments. The eBASE segment is engaged in the development and sale of package software, the development and sale of content management software customized for each customer using the content management system (CMS) development platform middleware eBASE, the development and sale of cloud business using eBASE, and the operation of data pool services. It is also engaged in the construction, operation, planning and production of personal computer (PC) sites and mobile sites, as well as system development. The eBASE-PLUS segment is engaged in the information technology (IT) development outsourcing business, including technical support, center machine operation management, contract development of the content management software eBASE, contract operation, contract server maintenance, consulting, system integration services, and system management services.