Arbeit-Times Co., Ltd. announces an Equity Buyback for 7,500,000 shares, representing 29.98% for ¥814 million.
December 25, 2023 at 11:30 am IST
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Arbeit-Times Co., Ltd. (TSE:2341) announces a share repurchase program. Under the program, the company will repurchase up to 7,500,000 shares, representing 29.98% of its issued share capital (excluding treasury stock), for a total purchase price of ¥814 million. The shares will be repurchased at a price of ¥100 per share.
The purpose of the program is to enable agile execution of capital policies in response to future changes in the business environment and to return profits to shareholders. The program will continue through January 29, 2024. As of December 25, 2023, the company had 25,016,882 issued shares (excluding treasury stock) and 5,820,367 treasury shares.
Arbeit-Times Co Ltd is a Japan-based company mainly engaged in the information provision business and the sales promotion support business. The Company operates through two segments. The Information Provision segment is engaged in the operation and sale of job information magazines and job information websites and sale of recruitment management systems. The Information Provision segment publishes the mainstay DOMO job information magazine and the DOMO Leaf joint job flier and operates and sells the DOMO NET job information website. The Company also operates Wagasha de DOMO, an owned media that provides a recruitment management system. The Sales Promotion Support segment commercializes its know-how in the distribution of free newspapers and provide a service to set up racks at supermarkets, train stations, shopping centers, universities, and other places that attract customers, and post free newspapers and pamphlets published by various businesses.
ARBEIT-TIMES CO., LTD. 