Segue Group Co., Ltd. announces an Equity Buyback for 1,800,000 shares, for ¥1,053 million.
March 21, 2024 at 03:30 am EDT
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Segue Group Co.,Ltd. (TSE:3968) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 5.29% of its issued share capital for ¥1,053 million. The shares will be repurchased at ¥585 per share.
The purpose of the program is to comprehensively consider the company's stock price level, market environment, etc., and to be able to implement a flexible capital policy in response to changes in the business environment. As of February 29, 2024, the company had 34,036,293 shares issued (excluding treasury stock) and 0 shares in treasury.
Segue Group Co.,Ltd. is a Japan-based holding company mainly engaged in information technology (IT) solutions business. IT solution business is engaged in the provision of design, sale, construction, operation and maintenance services mainly related to IT infrastructure and network security products. It has two kinds of services. Solution product service is engaged in the sale of security products and IT infrastructure products that imported from domestic and overseas manufacturers. It also sells self-owned server-type secure browser SCVX and one-time password authentication single sign-on WisePoint. Main security products include Firewall and VPN, UTM, and Next Generation Firewall. Main IT infrastructure products include Wi-Fi products, routers, Local Area Network (LAN) switches, servers, storage. Solution services provide end users with IT system design and construction services that meet their requirements, and maintenance, repair and replacement services, and help desk services.
SEGUE GROUP CO., LTD. 
