Jimoty, Inc. announces an Equity Buyback for 429,400 shares, representing 7.36% for ¥799.97 million.
May 14, 2021 at 04:00 am EDT
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Jimoty, Inc. (TSE:7082) announces a share repurchase program. Under the program, the company will repurchase up to 429,400 shares, representing 7.36% for ¥799.97 million. The shares will be repurchased at a price of ¥1,863 per share. The purpose of the program is to implement agile capital policies and improve capital efficiency in response to changes in the business environment. The program will expire on May 17, 2021. As of March 31, 2021, the company had shares 5,831,774 in issue(excluding treasury stock) and 164,591 shares in treasury.
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. 
