EBASE Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 0.87% for ¥300 million.
October 31, 2023 at 03:00 am EDT
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eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.87% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and a higher stock price while maintaining a dividend payout ratio.
The program will expire on February 29, 2024. As of September 30, 2023, the company had 45,841,343 issued shares (excluding treasury stock) and 1,323,457 treasury shares.
eBASE Co., Ltd. is principally engaged in the development and sale of packaged software. The Company operates through two business segments. The eBASE segment is engaged in the development and sale of packaged software eBASE, which is a content management system; the system development operations, the provision of eBASE-based Cloud services and the operation of data pool services. The eBASE-PLUS segment is principally engaged in the operation of information technology (IT) development outsourcing business, including the provision of technical support services, the operation and management of center machines, the contracted development of eBASE, the provision of contracted operational services, and the provision of contracted maintenance services for servers.
EBASE CO.,LTD. 
