FFRI Security, Inc. announces an Equity Buyback for 120,000 shares, representing 1.47% for ¥300 million.
May 14, 2021 at 03:00 am EDT
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FFRI Security, Inc. (TSE:3692) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.47% of its issued shares capital for ¥300 million the purpose of the program is to implement agile capital policy and shareholder return measures in response to changes in the business environment. The program will expire on June 18, 2021. As of March 31, 2021, the company had 8,189,906 shares in issue and 94 shares in treasury.
FFRI Security Inc, formerly FFRI Inc, is a Japan-based company engaged in the cyber security business. The Company is engaged in the provision of security products such as FFRI yarai, a targeted attack countermeasure product, and FFRI yarai analyzer, a malware automatic analysis tool. The Company sells products by subscription license or perpetual license, and provides product update and maintenance services, as well as the copyright business. The security service business is engaged in the outsourced development of cyber security products, the investigation of computer system security robustness and impact when subjected to cyber attacks, as well as the provision of security investigation, analysis and research services. The main services include security measures support services for Internet of Things (IoT) devices and systems, as well as Prime Analysis, a service that provides consulting and security information, and FFRI Expert Seminar, a paid training for security engineers.
FFRI SECURITY, INC. 
