EBASE Co.,Ltd. announces an Equity Buyback for 500,000 shares, representing 1.09% for ¥300 million.
April 08, 2022 at 03:00 am EDT
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eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to return profits to shareholders at a higher level while maintaining a flexible capital policy in response to changes in the business environment and the conventional dividend payout ratio.
The program will expire on August 31, 2022. As of March 31, 2022, the company had 46,059,238 issued shares (excluding treasury stock) and 1,105,562 treasury shares.
eBASE Co., Ltd. is principally engaged in the development and sale of packaged software. The Company operates through two business segments. The eBASE segment is engaged in the development and sale of packaged software eBASE, which is a content management system; the system development operations, the provision of eBASE-based Cloud services and the operation of data pool services. The eBASE-PLUS segment is principally engaged in the operation of information technology (IT) development outsourcing business, including the provision of technical support services, the operation and management of center machines, the contracted development of eBASE, the provision of contracted operational services, and the provision of contracted maintenance services for servers.
EBASE CO.,LTD. 
