Cross Cat Co., Ltd. announces an Equity Buyback for 570,000 shares, for ¥798 million.
May 23, 2023 at 03:00 am EDT
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Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 570,000 shares, representing 3.79% of its share capital, at ¥1,095 per share for ¥798 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment.
The program is valid till May 24, 2023. As of May 23, 2023, the company had 15,026,842 shares outstanding (excluding treasury shares) and 1,978,832 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. 
