Virtualex Holdings, Inc. announces an Equity Buyback for 40,000 shares, representing 1.37% for ¥30 million.
August 09, 2019 at 03:00 am EDT
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Virtualex Holdings, Inc. (TSE:6193) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 1.37% of its share capital, for ¥30 million. The company will repurchase its shares in order to implement a flexible capital policy, return profits to all shareholders, and improve capital efficiency. The share repurchase program will run until September 13, 2019. As of July 31, 2019, the company had 2,914,253 shares outstanding (excluding treasury shares) and 27,500 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. 
