ITmedia Inc. announces an Equity Buyback for 400,000 shares, representing 2.01% for ¥800 million.
June 24, 2021 at 04:00 am EDT
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ITmedia Inc. (TSE:2148) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.01% of its issued share capital (excluding treasury stock), at ¥2,000 per share, for ¥800 million. The purpose of the program is to strengthen shareholder returns and flexibly to implement capital policies in response to changes in the business environment. The program will run until October 31, 2021. As of May 31, 2021, the company had 19,931,726 shares in issue (excluding treasury stock) and 600,874 shares in treasury.
ITmedia Inc. is mainly engaged in the operation of media businesses. The Company provides media services in information technology (IT) area. It mainly operates through two business segments. The Lead Gen business consists of IT & business fields including TechTarget Japan, Keymanznet, order navigation and ITmedia marketing, as well as industrial technology fields including TechFactory. Media Advertising business includes IT & business fields including IT, IT Strategy Research Center, ITmedia NEWS, ITmedia Enterprise, ITmedia Executive, ITmedia Business Online, industrial technology field including MONOist, EE Times Japan, EDN Japan, Smart Japan, as well as consumer fields including ITmedia Mobile, ITmedia PC USER, ITmedia LifeStyle and Nogura.