CREEK & RIVER Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 2.2% for ¥500 million.
January 08, 2021 at 12:00 pm IST
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CREEK & RIVER Co., Ltd. (TSE:4763) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.20% of the issued shares for ¥500 million. The purpose of the program is to acquire treasury stock in order to carry out agile capital policy in response to changes in the business environment. The program will run until May 31, 2021. As of January 8, 2021, the company has 22,742,333 shares in issue and 776,467 shares in treasury.
Creek & River Co Ltd is a Japan-based company mainly engaged in the production and agency business of video, games, the Web, and advertising and publishing. The Company operates through four business segments. The Creative Field (Japan) segment and the Creative Field (Korea) segment are engaged in the video, games, the Web, advertising/publishing business. It operates in Japan, South Korea, China and the United States. It also provides rights management business and the development and operation of the target training curriculum. The Medical Sector segment is engaged in the development businesses centered on doctor agencies under the brand of private medical office. The Accounting and Legal Profession segment operates an agency business for accountants and lawyers. It is also engaged in information technology, fashion and other businesses.