FreeBit Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.57% for ¥400 million.
December 16, 2021 at 02:00 am EST
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FreeBit Co., Ltd. (TSE:3843) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.57% of its share capital, for ¥400 million. The company will repurchase its shares in order to increase its value per share in response to changes in the stock market and to implement agile capital policies in response to changes in the business environment. The program will run until March 31, 2022. As of December 15, 2021, the company had 19,100,031 shares outstanding (including treasury shares) and 4,313,969 shares in treasury.
FreeBit Co., Ltd. is a Japan-based company mainly engaged in the provision of Internet-related services for corporations and individuals. The Broadband segment mainly provides necessary services for Internet Service Provider (ISP) operation. The Mobile segment provides enterprise support services to enterprises for virtual mobile communications carriers (MVNO) business. The Advertisement Technology segment provides Internet marketing related services for corporations and next generation advertising platforms specialized for telephone. Cloud segment provides cloud services for corporations and cloud services for individuals. The Health Tech segment provides solution services for dispensing pharmacies and applications for smartphones for individuals. Others segment provides other services.