Jorudan Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 0.78% for ?30 million.
November 11, 2021 at 02:00 am EST
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Jorudan Co.,Ltd. (JASDAQ:3710) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.78% of its issued share capital for ?30 million. The purpose of the program is to improve capital efficiency and enable flexible execution of capital policies in response to changes in the corporate environment. The program is valid till December 17, 2021. As of October 31, 2021, the company had 5,140,020 shares issued (excluding treasury stock) and 114,980 shares in treasury.
Jorudan Co., Ltd. engages in manufacturing and sales of software Norikae used for path search and fare calculation, and provision of associated services. The Company operates through two business segments. The Transfer Guide segment engages in sales of Norikae products for personal computers and cell phones, provision of version upgrade services. It engages in sales of corporate-oriented products for corporations, provision of travel expense adjustment support, and provision of Web services for other companies and organizations. It also provides restaurant information on Internet. This segment obtains revenue through its service, including provision of pay service for mobile of Norikae, sales of advertising space and planning, as well as arrangement and sales of travel. The Multimedia segment provides content for Internet. It also provides book publishing services. The other business engages in entrust development of software and leasing of information related equipment.
JORUDAN CO.,LTD. 