Tranche Update on i Cubed Systems, Inc.'s Equity Buyback Plan announced on May 14, 2024.
May 15, 2024 at 07:30 am IST
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From May 14, 2024 to May 15, 2024, the company has repurchased 200,000 shares, representing 3.78% for ¥298.4 million. With this, the company has completed the repurchase of 200,000 shares, representing 3.78% for ¥298.4 million under the buyback announced on May 14, 2024.
i Cubed Systems Inc is a Japan-based company mainly engaged in the provision of management services for managing mobile terminals as Software as a Service (SaaS), and the investing activities. The Company operates through two business segments. The CLOMO business segment provides functions for visualizing the usage status of mobile terminals, setting and restricting functions, and security measures as licenses, centered on CLOMO MDM, a mobile device management (MDM) service that centrally manages and operates mobile terminals and mobile personal computers (PCs). The CLOMO business segment also sells licenses for CLOMO SECURED APPs, which are applications for mobile terminals. The main services include CLOMO service and SECURED APPs service. The Investment Business segment is engaged in investment activities through corporate venture capital (CVC) and mergers and acquisitions (M&A). The main investment targets include mobile, SaaS, security and others.