PR TIMES, Inc. announces an Equity Buyback for 100,000 shares, representing 1.51% for ¥326 million.
January 10, 2020 at 02:00 am EST
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PR TIMES, Inc. (TSE:3922) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.51% of its share capital, at ¥2,564 per share for ¥326 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of November 30, 2019, the company had 6,615,310 shares outstanding (excluding treasury shares) and 113,290 shares in treasury.
PR Times Corp is a Japan-based company mainly engaged in the platform business that connects companies, media and consumers with news, with the provision of news release distribution service PR TIMES as the core of its business. The News Release Distribution business segment provides services through PR TIMES. Its users use PR TIMES in news spreading, such as publish of new products and services, notice of events and campaign, and performance trends release to get a high return on investment. In addition to PR TIMES, the services provided include the task/project management tool Jooto and the customer support tool Tayori. It also operates several news media for consumers, such as isuta and TECHABLE.
PR TIMES CORPORATION 
