Interspace Co.,Ltd. announces an Equity Buyback for 120,000 shares, representing 1.77% for ¥100 million.
April 21, 2020 at 02:00 am EDT
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Interspace Co.,Ltd. (TSE:2122) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.77% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2020. As of March 31, 2020, the company had 6,782,882 shares outstanding (excluding treasury shares) and 184,318 shares in treasury.
Interspace Co., Ltd. is a Japan-based company mainly engaged in advertisement and media businesses. The Company operates through two business segment. The Internet advertising segment operates ACCESS TRADE websites and Store Front Affiliate websites, provides affiliate system and payment of remuneration to partners. It also provides consulting services for Merchant and partners. The Media Operation segment operates media sites providing childcare information for housewives and other media contents.