ZIGExN Co., Ltd. announces an Equity Buyback for 4,700,000 shares, representing 4.35% for ¥1,400 million.
May 13, 2022 at 02:01 am EDT
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ZIGExN Co., Ltd. (TSE:3679) announces a share repurchase program. Under the program, the company will repurchase up to 4,700,000 shares, representing 4.35% of its issued share capital (excluding treasury stock), for ¥1,400 million. The purpose of the program is to increase shareholder value by implementing agile capital policies in view of the balance sheet situation and the current stock price level.
The program will run until May 10, 2023. As of March 31, 2022, the company had 108,122,710 shares in issue (excluding treasury stock) and 3,577,290 shares in treasury.
ZIGExN Co.,Ltd. is a Japan-based company primarily engaged in life media platform business which integrates the information on multiple media. The Company operates in two business segments. Its Life Media Platform segment is engaged in the development, operation and maintenance of media that integrate information from multiple Internet and paper media, specialized media that matches users and customers for specific industries and regions, as well as application Service provider (ASP) services. The Life Media Platform segment includes three fields: human resources field, real estate field and living field. The Others segment is engaged in the plan, development, operation and maintenance of new development services centered on the user billing model, leveraging the knowledge of the existing life media platform business.
ZIGEXN CO., LTD. 
