Firstlogic,Inc. announces an Equity Buyback for 240,000 shares, representing 1.11% for ¥100 million.
March 22, 2023 at 02:00 am EDT
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Firstlogic,Inc. (TSE:6037) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.11% of its share capital, for ¥100 million. The company will repurchase its shares for stock price perspective and shareholder returns. The program will run until September 29, 2023. As of January 31, 2023, the company had 10,842,879 shares outstanding (excluding treasury shares) and 1,001,521 shares in treasury.
On June 14, 2023, the company announced a two-for-one stock split effective on August 1, 2023. Each stockholder of record as of the close of business on July 31, 2023 will receive one additional shares of Company common stock for each share then held.
FIRSTLOGIC,INC. is a Japan-based company mainly engaged in the operation of real estate investment portal site named Rakumachi. The Company is engaged in the provision of information related to profitable real estate such as condominiums, apartments and detached houses mainly for individual real estate investors. The Company is involved in the provision of six services. The property listing service is involved in the provision of support service of responses from real estate investors. The proposal service is involved in the provision of introduction of real estate properties by e-mail via a Website to a specific member who wants to purchase a real estate company. The advertising service is involved in the sale of advertising space and seminar guides. The collective quote service is a service that enables members who wish to outsource to a renovation company to request a quote. The appraisal service is involved in the provision of request appraisal service to real estate company.
RAKUMACHI,INC. 
