Cross Cat Co., Ltd. announces an Equity Buyback for 220,000 shares, representing 2.62% for ¥126.28 million.
May 22, 2017
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Cross Cat Co., Ltd. (JASDAQ:2307) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 2.62% of its outstanding shares. The shares will be purchased at a price of ¥574 per share for a total of ¥126.28 million. The repurchases will be made through Off-auction Own Share Repurchase trading method. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. As of May 23, 2017, the company had 8,402,466 shares outstanding (excluding treasury shares) and 808,494 shares in treasury.
CROSS CAT CO.,LTD. is a Japan-based company principally engaged in the information service business and the ancillary services. The Companyâs system solution business is involved in system development including software development, system operation and maintenance, technical support, system consulting and infrastructure support. The business is also involved in business intelligence (BI) business including BI introduction consulting, as well as BI development and implementation support. In the system solution business, the Company outsources part of its development work to its subsidiary, CROSS UIS co.,ltd. Staff services is involved in the provision of services, such as technical dispatch, clerical dispatch, outsourcing and job placement.
CROSS CAT CO., LTD. 
