BayCurrent Consulting, Inc. announces an Equity Buyback for 400,000 shares, representing 2.59% for ¥800 million.
May 17, 2017 at 03:45 am EDT
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BayCurrent Consulting, Inc. (TSE:6532) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.59% of its share capital, for ¥800 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares in order to raise shareholder value per share and enhance shareholder returns, along with aiming to improve capital efficiency. The share repurchase program will run until August 31, 2017. As of April 30, 2017, the company had 15,470,000 shares outstanding (excluding treasury shares) and 0 shares in treasury.
BayCurrent Consulting , Inc. is a Japan-based company engaged in the provision of consulting services related to business management and information technology (IT). The Companyâs main business includes three areas. The Strategy & Business Process Consulting service is involved in the provision of business strategies, such as marketing and sales strategies. The IT service is involved in the provision of assistance for information systems, such as introduction, planning and design. The System Integration service is involved in the provision of assistance for system integration business, including system design and software development, among others. The Company is also involved in the provision of consulting services related to overseas business.
BAYCURRENT CONSULTING, INC. 
