Jimoty, Inc. announces an Equity Buyback for 200,000 shares, representing 3.79% for ¥364 million.
May 15, 2023 at 03:20 am EDT
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Jimoty, Inc. (TSE:7082) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.79% of its issued share capital (excluding treasury stock), for a total purchase price of ¥364 million. The shares will be repurchased at a price of ¥1,820 per share.
The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of April 30, 2023, the company has 5,271,913 issued shares (excluding treasury stock) and 724,452 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. 
