Enjin Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 2.03% for ¥200 million.
March 14, 2023 at 03:00 pm IST
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Enjin Co., Ltd. (TSE:7370) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 2.02% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200 million. The purpose of the program is to expand shareholder returns and improve capital efficiency.
The program will continue through April 30, 2023. As of November 30, 2022, the company had 7,403,733 issued shares (excluding treasury stock) and 0 treasury shares.
Enjin Co Ltd is mainly engaged in the public relations (PR) business that mainly provides PR support services for small and medium-sized enterprises and medical institutions, and platform services that connect customers with the media or authorizers. The Company provides four services, including PR support service for corporations and managers, PR support service for medical institutions and doctors, Medichoku, and Apochoku. The PR support service for corporations and managers and the PR support service for medical institutions and doctors make use of the media network to provide PR support services for small and medium-sized enterprises and medical institutions. Medichoku, a media matching service, targets small and medium-sized enterprises and medical institutions to match media on personal computers (PC) and smartphones. Apochoku, an approver appointment matching service, provides an appointment matching service that directly connects approver and customers.