Kakaku.com, Inc. announces an Equity Buyback for 5,000,000 shares, representing 2.49% for ¥6,000 million.
November 06, 2023 at 09:40 pm EST
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Kakaku.com, Inc. (TSE:2371) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.49% of its share capital, for ¥6,000 million. The purpose of the program is to increase shareholder returns, through a flexible execution of a capital policy that can respond to changes in the business environment, and through increased capital efficiency.
The repurchased shares will be cancelled. The program will expire on January 31, 2024. As of October 31, 2023, the company had 201,105,313 shares in issue (excluding treasury stock) and 657,687 shares in treasury.
Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.