BayCurrent Consulting, Inc. announces an Equity Buyback for 1,200,000 shares, representing 0.79% for ¥3,600 million.
April 12, 2024 at 11:30 am IST
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BayCurrent Consulting, Inc. (TSE:6532) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 0.79% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,600 million. The purpose of the program is to improve capital efficiency, increase shareholder value per share, and enhance the return of profits to shareholders.
The program will continue through May 24, 2024. As of March 31, 2024, the company had 152,783,446 issued shares (excluding treasury stock) and 2,627,964 treasury shares.
BayCurrent Consulting , Inc. is a Japan-based company engaged in the provision of consulting services related to business management and information technology (IT). The Companyâs main business includes three areas. The Strategy & Business Process Consulting service is involved in the provision of business strategies, such as marketing and sales strategies. The IT service is involved in the provision of assistance for information systems, such as introduction, planning and design. The System Integration service is involved in the provision of assistance for system integration business, including system design and software development, among others. The Company is also involved in the provision of consulting services related to overseas business.