User Local, Inc. announces an Equity Buyback for 28,000 shares, representing 0.36% for ¥100 million.
May 15, 2020 at 03:30 am EDT
Share
User Local, Inc. (TSE:3984) announces a share repurchase program. Under the program, the company will repurchase 28,000 shares, representing 0.36% of the outstanding shares for ¥100 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency, improve shareholder returns, and to introduce a transfer-restricted stock grant system to employees as an incentive for sustainable enhancement of corporate value. The program will run until June 24, 2020. As of April 30, 2020, the company had 7,769,218 shares outstanding and 56,882 shares in treasury.
User Local, Inc. is a Japan-based company mainly engaged in the data cloud business. The Company is engaged in the provision of platform for collecting, analyzing, and utilizing digital information. It provides four kinds of services. User Insight is a Web analytics product that measures the user experience. Social Insight is a management and analysis product for companies that supports social media operations. It provides insights based on the results of analyzing domestic social network service (SNS) user accounts, corporate accounts, post data, photos, video data, and supports their use in social marketing. Media Insight is an article content analysis product specializing in the operation of websites such as news sites. Support Chatbot is a support operation support system utilizing artificial intelligence.
USER LOCAL, INC. 
