BeNext Yumeshin : Notice of Decision on Matters Related to Acquisition of Treasury Stock
August 05, 2022 at 03:11 am EDT
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August 5, 2022
Company name
BeNext-Yumeshin Group.Co.
Name of Representative
Yutaka Nishida,
Chairman and Representative Director, CEO
(Code:2154 1st Section of TSE)
Contact
Hiroshi Sato,
Board Director, CFO
Telephone Number
03-6672-4181
Notice of Decision on Matters Related to Acquisition of Treasury Stock
(Acquisition of treasury stock pursuant to the provisions of the articles of incorporation pursuant to the provisions of
Article 165, paragraph 2 of the Companies Act)
We hereby announce that at the Board of Directors meeting held today, we have resolved to repurchase our own shares as follows in accordance with Article 156 of the Companies Act, which is applicable to us in replacement with the provisions of Article 165-3 of the Companies Act.
Reason for Conducting the Share Repurchase
In order to strengthen shareholder returns and improve capital efficiency as part of the capital policy in the medium-term management plan
Details of Acquisition
（１） Type of shares
Shares of our common stock
（２） Number of shares to be acquired
Up to 3 million shares
(3.4% of the total number of issued shares (excluding treasury stock))
（３） Total value of shares repurchased
Up to 4 billion yen
（４） Acquisition period
After allotment of the restricted stock to eligible Directors until 30
June 2023
*The allocation of restricted stock to directors is scheduled to be resolved by the Board of Directors after the Shareholder meeting.
(Reference) Holdings of treasury stock as of June 30, 2022
Total number of issued shares (excluding treasury stock) 88,635,571 shares
Treasury stock
2,644,548 shares
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BeNEXT Group Inc. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 07:10:07 UTC.
Open Up Group Inc, former BeNext-Yumeshin Group Co, is a Japan-based company engaged in human resource services, mainly dispatching engineers and business contracting. The Company operates in four business segments. The Mechanical and Electrical, Information Technology (IT) Domain segment consists of mechanical, electrical and electronic engineers such as development, design and manufacturing technology at domestic manufacturers, and construction and development of networks, servers, software at IT companies. Dispatch and contract work by IT engineers for operation system. The Construction Domain segment mainly dispatches construction management engineers and computer-aided design (CAD) engineers to companies in the domestic construction industry. The Manufacturing Domain segment mainly dispatches and outsources work in the manufacturing process for domestic manufacturers. The Overseas Domain segment is engaged in dispatch, recruitment, and personnel consulting.
OPEN UP GROUP INC. 
