JBCC Holdings Inc. announces an Equity Buyback for 600,000 shares, representing 3.7% for ?1,000 million.
October 27, 2021 at 01:00 am EDT
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JBCC Holdings Inc. (TSE:9889) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 3.7% of its share capital, for ?1,000 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. The program will run until March 24, 2022. As of September 30, 2021, the company had 16,221,959 shares outstanding (excluding treasury shares) and 1,551,784 shares in treasury.
JBCC Holdings Inc. is a Japan-based company mainly engaged in the provision of information technology (IT) services, including consulting, planning, construction, operation and maintenance services for corporate information systems, network and securities. The Company has three business segments. The Information Solution segment is engaged in the provision of consulting services, the development of applications, and the integration, operation, maintenance, monitoring and outsourcing of systems. The Distribution segment is engaged in the provision of hardware, software and services for partner company, IT supplies and office products for corporate, as well as the procurement agency business. The Product Development and Manufacturing segment is engaged in the development, manufacture and sale of printers and peripheral devices, as well as the provision of original software about printing support solutions, decision support solutions and information collaboration support solutions.
JBCC HOLDINGS INC. 
