KSK Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.58% for ¥91.8 million.
May 10, 2015
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KSK Co., Ltd. (JASDAQ:9687) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.58% of its issued share capital, for ¥91.8 million. The shares will be repurchased at a price of ¥918 per share, which is the closing share price of May 11, 2015.
The company will make repurchases through ToSTNeT-3 of the Tokyo Stock Exchange. The purpose of the plan is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The repurchases will be made on May 12, 2015.
As of May 11, 2015, the company has 6,310,705 shares outstanding excluding treasury and 1,325,663 shares in treasury.
KSK CO., LTD. is a Japan-based company engaged in the support of semiconductor design, embedded software development, software development, and network construction. The Company operates in three business segments. The System Core segment is engaged in the development and design of large-scale integration (LSI), the design of hardware systems, and the development of embedded software. The IT Solutions segment is engaged in the development of packaged software, the contract development of application software, the development of computer-aided design (CAD) systems and Website systems, data entry service, operator dispatch, as well as nursing-care and welfare service. The Network Service segment is engaged in the building, site adjustment, the operation and maintenance of communications and computer related systems, the operation and management of CAD systems, and support center business.
KSK CO.,LTD. 