Valtes Co., Ltd. announces an Equity Buyback for 160,000 shares, representing 2.31% for ¥200 million.
November 12, 2021 at 01:00 am EST
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Valtes Co., Ltd. (TSE:4442) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 2.31% of its issued share capital for ¥200 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies in the future.
The program is valid till February 28, 2022. As of October 31, 2021, the company had 6,933,216 shares issued (excluding treasury stock) and 216,784 shares in treasury.
Valtes Holdings Co Ltd, formerly Valtes Co Ltd, is a Japan-based company mainly provides software testing services, web/mobile application development services, and offshore services. The Company operates through three segments. The Software Testing Services segment provides manufacturers and software vendor clients with effective testing services from a third-party neutral standpoint by accurately following up on a wide range of activities, including test planning, test design, test case creation, test execution, and test summary reports. The Web/Mobile Application Development Services segment provides web/mobile app development and web security diagnosis (vulnerability diagnosis) for web apps and mobile apps. In the Offshore Services segment, the Company's group company, VALTES Advanced Technology, Inc. provides testing services and contracted system development to support client companies in improving the quality of their products by sharing its know-how with group companies.