Baudroie,inc. announces an Equity Buyback for 340,000 shares, representing 2.14% for ¥700 million.
October 25, 2023 at 12:30 pm IST
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baudroie,inc. (TSE:4413) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 2.14% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is implementing flexible capital policies in response to changes in the business environment, utilizing the stock in M&A, and in incentive plans. The program will run until January 31, 2024. As of September 30, 2023, the company had 7,928,300 shares in issue and 95 shares in treasury.
Effective November 1, 2023, the company conducted a stock split at the ratio of 1 share of common stock to 2 shares.
Baudroie Inc is a Japan-based company mainly engaged in the information technology (IT) infrastructure business. The Company provides services and technologies that meet customer needs, from consulting to maintenance operations in IT infrastructure. The Company is involved in building basic network servers that support the design, verification, as well as construction in local and cloud environments, such as virtualization, load balancers, security and wireless. The Company also provides services for installation and operation such as monitoring, maintenance, failure analysis, improvement work and others after construction.
BAUDROIE,INC. 
