BayCurrent Consulting, Inc. announces an Equity Buyback for 265,000 shares, representing 1.73% for ¥800 million.
January 11, 2019 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 265,000 shares, representing 1.73% of the outstanding shares for ¥800 million. The purpose of the program is to enhance capital efficiency, improve shareholder value per share and improve shareholder returns. The program will run until March 29, 2019. As of December 31, 2018, the company had 15,341,954 shares outstanding and 199,187 shares in treasury.
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.