Business Breakthrough, Inc. announces an Equity Buyback for 200,000 shares, representing 1.4% for ¥100 million.
February 08, 2019 at 01:00 am EST
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Business Breakthrough, Inc. (TSE:2464) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.4% of the outstanding shares for ¥100 million. The purpose of the program is to maximize corporate value, ensure retained earnings and profit returns for mid-term growth investment and to implement a flexible capital policy to contribute to shareholder profits. The program will run until March 31, 2019. As of September 30, 2018, the company had 14,263,524 shares outstanding and 576 shares in treasury.
Aoba-BBT Inc, formerly Business Breakthrough Inc, is a Japan-based company mainly engaged in the recurrent education business and platform service business. The Company operates through two segments. The Recurrent Education Business segment is a business that primarily targets working adults and provides management education programs through various distribution media, with over 10000 hours of content ranging from business basics to courses categorized by specialized field. The segment also develops and sells training materials for companies in the information technology (IT) management field and provides training services. The Platform Service Business segment targets children from early childhood to high school, and operates Aoba Japan International School, Aoba Japan Bilingual Preschool, Summerhill International School, and Musashi International School Tokyo. In addition, the Company is also engaged in book publishing, leasing, and new business.