SE Holdings and Incubations Co., Ltd. announces an Equity Buyback for 560,000 shares, representing 2.79% for ¥140 million.
January 27, 2023 at 01:30 am EST
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SE Holdings and Incubations Co., Ltd. (TSE:9478) announces a share repurchase program. Under the program, the company will repurchase up to 560,000 shares, representing 2.79% of its issued share capital (excluding treasury stock), for a total purchase price of ¥140 million. The purpose of the program is to carry out flexible management that responds to changes in the economic situation.
The program will continue through February 28, 2023. As of December 31, 2022, the company had 20,091,747 issued shares (excluding treasury stock) and 2,212,479 treasury shares.
SE Holdings and Incubations Co., Ltd. is mainly engaged in publishing and software business. The Company has six business segments. The Publishing segment involves in the publication and sale of general books and computer-related books, the provision of computer-related conference and education services, and computer-related technical information on Websites, as well as the online sale of software and hardware. The Corporate Services segment provides product marketing and sales promotion, user support and corporate support services. The Software Network segment is engaged in the development and sale of entertainment software, the provision of mobile Internet technologies and maintenance services, and the operation of amusement facilities. The Internet Cafe segment operates Internet cafes and body care salons. The Education and Personnel segment is engaged in the manpower dispatching business and others. The Investment segment involves in securities investment business.