PRAP Japan, Inc. announces an Equity Buyback for 110,000 shares, representing 2.71% for ¥146.08 million.
July 20, 2021 at 04:30 am EDT
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PRAP Japan, Inc. (JASDAQ:2449) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 2.71% of its issued share capital (excluding treasury stock), at ¥1,328 per share, for ¥146.08 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment. The program will run until July 21, 2021. As of May 30, 2021, the company had 4,064,182 shares in issue (excluding treasury stock) and 614,828 shares in treasury.
PRAP Japan, Inc. is a Japan-based company mainly engaged in the public relations (PR) business. The PR business offers communication services, including media relations, corporate communication, marketing communication, investor relations, internal communication, public acceptance, community relations, culture communication and digital PR services, as well as consulting services including crisis communication, communication training, issue management, communication consulting and digital communication services. It also provides event communication services and visual communication services, among others.