Jimoty, Inc. announces an Equity Buyback for 100,000 shares, representing 1.97% for ¥179.2 million.
August 28, 2023 at 01:00 pm IST
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Jimoty, Inc. (TSE:7082) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.97% of its issued share capital (excluding treasury stock), for a total purchase price of ¥179.2 million. The shares will be repurchased at a price of ¥1,792 per share.
The purpose of the program is to implement flexible capital policies and improve capital efficiency in response to changes in the business environment. As of July 31, 2023, the company had 5,071,913 issued shares (excluding treasury stock) and 924,452 treasury shares.
Jimoty, Inc. is a Japan-based company mainly engaged in the classified site operation business. The Company is engaged in the operation of a platform Jimoty that provides local information. The platform categorizes regional information from all over Japan by purpose, such as buying and selling goods, asking for help, recruiting members, renting and selling real estate, buying and selling used cars, recruiting full-time and part-time employees, various business advertising, events and others. The platform provides matching opportunities between users, and develops a customer support system through checking all submitted contents, drawing users' attention to offending users, taking measures to suspend use and others. The platform is also provides network advertising services such as automatic distribution, and marketing support services.
JIMOTY, INC. 