Digital Garage, Inc. announces an Equity Buyback for 1,600,000 shares, representing 3.39% for ¥5,000 million.
November 11, 2022 at 01:30 am EST
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Digital Garage, Inc. (TSE:4819) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 3.39% of its issued share capital, for a total consideration of ¥5,000 million. The purpose of the program is to enhance shareholder returns and implement a flexible capital policy that responds to changes in the business environment.
The share repurchase program will run until April 30, 2023. As of September 30, 2022, the company had 47,239,815 shares issued and 358,885 shares in treasury.
Digital Garage, Inc. is a Japan-based company engaged in the marketing technology business, the financial technology business, the incubation technology business and the long term incubation business. The Company has four business segments. The Marketing Technology segment is engaged in the comprehensive promotion business, the data management business, as well as the advertising products development and marketing business. The Financial Technology segment is engaged in the provision of electronic payment solutions such as credit card payments and convenience store payments, as well as the design, development and operation of Internet systems and electronic commerce (EC) systems. The Incubation Technology segment is engaged in the strategy support type venture incubation business. The Long Term Incubation segment is engaged in the development and management of medias, the development and support of data security related systems, and the financial business utilizing blockchain.
DIGITAL GARAGE, INC. 
