CROOZ, Inc. announces an Equity Buyback for 3,640,000 shares, representing 32.73% for ¥2,000 million.
February 13, 2024 at 01:30 am EST
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CROOZ, Inc. (JASDAQ:2138) announces a share repurchase program. Under the program, the company will repurchase up to 3,640,000 shares, representing 32.73% of its share capital, for ¥2,000 million. The purpose of the program is to carry out flexible capital policy, increase the value per share, and return profits to shareholders.
The share repurchase program will run until February 13, 2025. As of December 31, 2023, the company had 11,122,418 shares outstanding (excluding treasury shares) and 1,835,182 shares in treasury.
CROOZ,Inc. is a Japan-based company mainly engaged in the provision of services through the Internet. The Company operates in three business segments, including the Internet Content segment, the Internet Commerce segment and the Internet Solution segment. The Company mainly involves in the provision of social games, as well as the blog sites and Internet mail order sites for women. Through the provision of social game named Mobage, the Company obtains usage fees from the users via social game platform companies. It also involves in the provision of charging contents to communication carriers, as well as the provision of licensed contents.
CROOZ, INC. 
