CELM,Inc. announces an Equity Buyback for 1,800,000 shares, representing 13.4% for ¥850 million.
May 27, 2022 at 02:00 am EDT
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CELM,Inc. (TSE:7367) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 13.4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥700 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through August 29, 2022.
On June 14, 2022, the company announced 1 for 2 stock split following which the plan term number of shares to be purchased under the program will now be 1,800,000 shares.
CELM Inc is a Japan-based company mainly engaged in the human resources development and organization development business centered on training business and other business. The human resources development and organization development business is engaged in the support of consulting and human resource development related to people and organizations at client companies. The other business is engaged in the development of corporate venture capital (CVC) business and bilingual English education business for young children.
CELM,INC. 