Gamecard-Joyco Holdings,Inc. announces an Equity Buyback for 750,000 shares, representing 5.39% for ¥900 million.
September 24, 2020 at 01:00 pm IST
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Gamecard-Joyco Holdings,Inc. (JASDAQ:6249) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 5.39% of its share capital, at ¥1,164 per share for ¥900 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. As of June 30, 2020, the company had 13,912,849 shares outstanding (excluding treasury shares) and 350,151 shares in treasury.
Gamecard Joyco Holdings Inc is primarily engaged in operating pachinko prepaid card system related businesses. It has four divisions. The machines division sells card units, ticket vending and payment machines, settlement machines and others primarily through distributors. The cards division sells magnetic cards, IC cards and IC coins itself or through participating stores. The system usage fees division collects usage fees for providing and operating prepaid card systems. The construction and maintenance division is engaged in providing machine installation and maintenance services based on the contracts between distributors and participating stores.
GAMECARD-JOYCO HOLDINGS,INC. 