Jimoty, Inc. announces an Equity Buyback for 110,000 shares, representing 2.21% for ¥150 million.
February 26, 2024 at 02:30 am EST
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Jimoty, Inc. (TSE:7082) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 2.21% of its issued share capital, for ¥150 million. The purpose of the program is to return profits to shareholders and enable flexible capital policy in response to changes in the business environment.
The program will be valid till May 10, 2024. As of December 31, 2023, the company has 4,985,413 issued shares (excluding treasury stock) and 0 treasury shares.
Jimoty, Inc. is a Japan-based company mainly engaged in the classified site operation business. The Company is engaged in the operation of a platform Jimoty that provides local information. The platform categorizes regional information from all over Japan by purpose, such as buying and selling goods, asking for help, recruiting members, renting and selling real estate, buying and selling used cars, recruiting full-time and part-time employees, various business advertising, events and others. The platform provides matching opportunities between users, and develops a customer support system through checking all submitted contents, drawing users' attention to offending users, taking measures to suspend use and others. The platform is also provides network advertising services such as automatic distribution, and marketing support services.
JIMOTY, INC. 
