Virtualex Holdings, Inc. announces an Equity Buyback for 40,000 shares, representing 1.36% for ¥20 million.
January 17, 2019 at 02:00 am EST
Share
Virtualex Holdings, Inc. (TSE:6193) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 1.36% of the outstanding shares for ¥20 million. The purpose of the program is to implement a flexible capital policy and improve shareholder returns and capital efficiency. The program will run until February 15, 2019. As of January 17, 2019, the company had 2,941,153 shares outstanding and 0 shares in treasury.
Virtualex Holdings, Inc. is a Japan-based company mainly engaged in the provision of consulting, outsourcing, and software services. It operates through two business segments. Internet Technology (IT) Consulting segment is engaged in provision of consulting services, customer relationship management (CRM) products, and CRM IT services. It is engaged in design and construction of businesses and systems, which combine the business strategies, CRM strategies, IT strategies, and marketing strategies. It is engaged in the provision of services in Web and educational domain. Outsourcing segment is engaged in the operation of outsourced call center. Call center operation includes a service mold in which the Company's staffs conduct the businesses, and another service mold in which the Company's staffs work with client employees to perform businesses at client company centers. It is engaged in the operation of mother centers, and outsourcing service of digital marketing back office business.
VIRTUALEX HOLDINGS, INC. 
