MIXI, Inc. announces an Equity Buyback for 3,750,000 shares, representing 5.14% for ¥7,500 million.
May 12, 2023 at 02:00 am EDT
Share
MIXI, Inc. (TSE:2121) announces a share repurchase program. Under the program, the company will repurchase 3,750,000 shares, representing 5.14% of the outstanding shares for ¥7,500 million. The purpose of the program is to improve shareholder returns, enhance capital efficiency and, enable the implementation of a flexible capital policy in response to changes in the business environment, and to improve shareholder value.
The program will run until the end of March 31, 2024. As of March 31, 2023, the company had 72,973,025 shares outstanding and 5,257,825 shares in treasury.
MIXI Inc is a Japan-based company mainly engaged in the digital entertainment business, sports business and lifestyle business. The Company operates through three business segments. The Digital Entertainment Business segment is engaged in the provision of games for smart devices, the implementation of related events, and the production and sale of goods. The Sports Business segment is engaged in the investment in sports team management and public sports related businesses. The Lifestyle Business segment is engaged in the management of services that are related to people's lives using the Internet. The main services include Kazoku Album Mitene, a photo and video sharing application for families, and minimo, a salon staff direct reservation application.
MIXI, INC. 
