Arbeit-Times Co., Ltd. announces an Equity Buyback for 700,000 shares, representing 2.52% for ¥200 million.
April 12, 2016 at 03:06 am EDT
Share
Arbeit-Times Co., Ltd. (JASDAQ:2341) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.52% of its outstanding share capital excluding treasury shares, for a total of ¥200 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to future changes in the business environment and to improve shareholder returns.
The shares will be repurchased until June 30, 2016. As of March 31, 2016, the company had 27,793,193 shares outstanding excluding treasury shares and had 5,844,056 shares in treasury.
Arbeit-Times Co Ltd is a Japan-based company mainly engaged in the information provision business and the sales promotion support business. The Company operates through two segments. The Information Provision segment is engaged in the operation and sale of job information magazines and job information websites and sale of recruitment management systems. The Information Provision segment publishes the mainstay DOMO job information magazine and the DOMO Leaf joint job flier and operates and sells the DOMO NET job information website. The Company also operates Wagasha de DOMO, an owned media that provides a recruitment management system. The Sales Promotion Support segment commercializes its know-how in the distribution of free newspapers and provide a service to set up racks at supermarkets, train stations, shopping centers, universities, and other places that attract customers, and post free newspapers and pamphlets published by various businesses.
ARBEIT-TIMES CO., LTD. 
