IBJ, Inc. announces an Equity Buyback for 800,000 shares, representing 1.97% for ¥500 million.
August 10, 2023 at 02:30 am EDT
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IBJ, Inc. (TSE:6071) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 2.49% of the outstanding shares for ¥500 million. The purpose of the program is to enhance capital efficiency and improve shareholder returns and implement a flexible capital policy that responds to the business environment.
The program will run until February 13, 2024. As of June 30, 2023, the company had 40,530,994 shares outstanding and 1,469,006 shares in treasury.
IBJ, Inc. is engaged in the comprehensive life design company business, focusing marriage business. The Company operates in two segments. The Marriage segment consists of corporate business, franchise business, engaged in the provision of application service provider (ASP) network system for marriage agencies and the members, FC business, engaged in the development of FC affiliated stores to strengthen marriage infrastructure, community business, engaged in the renewal, maintenance and operation of marriage site, as well as the lounge business, engaged in the operation of marriage consultation lounge. The Life Design segment includes wedding business, engaged in the information magazine issuance and provision of advertisement publishing service to wedding related corporation, travel business.
IBJ, INC. 
