I-mobile Co.,Ltd. announces an Equity Buyback for 650,000 shares, representing 2.98% for ¥1,000 million.
October 21, 2020 at 02:00 am EDT
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i-mobile Co.,Ltd. (TSE:6535) announces an share repurchase program. Under the program the company will repurchase 650,000 shares, representing 2.98% of the outstanding shares for ¥1,000 million. The purpose of the program is to realize share returns by directly returning profits. The program will run until December 25, 2020. As of September 30, 2020, the company had 21,839,196 shares outstanding and 0 shares in treasury.
i-mobile Co Ltd is a Japan-based company mainly engaged in the Internet advertising business and the operation of hometown tax payment support Website. The Company operates is business in two business segments. The Consumer segment is involved in the hometown tax payment business Furunabi, the netcatcher business, the recruitment business focusing on the operation of the Website WARAJIN, as well as the restaurant Public Relation (PR) business focusing on the operation of the Website Teppan. The Internet Advertising segment is involved in the advertising network business, the agency business, the video advertising business maio, the operation of the advertising serving platform mobile Affiliate, the media solution business, as well as the agency business.
I-MOBILE CO.,LTD. 