CROOZ, Inc. announces an Equity Buyback for 517,200 shares, representing 4.47% for ¥10,400 million.
June 18, 2018 at 06:12 am EDT
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CROOZ, Inc. (JASDAQ:2138) announces a share repurchase program. Under the program, the company will repurchase up to 517,200 shares, representing 4.47% of its share capital, for ¥10,400 million. The company will repurchase its shares in order to implement a flexible capital policy, and as part of its shareholder returns policy. The share repurchase program will run until December 18, 2018. As of May 31, 2018, the company had 11,561,290 shares outstanding (excluding treasury shares) and 1,369,810 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. 
