Nippon Computer Dynamics Co., Ltd. announces an Equity Buyback for 850,100 shares, representing 9.75% for ¥324.74 million.
July 29, 2016 at 01:00 pm IST
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Nippon Computer Dynamics Co., Ltd. (JASDAQ:4783) announces a share repurchase program. Under the program, the company will repurchase up to 850,100 shares, representing 9.75% of its total shares outstanding excluding treasury shares, for a total of ¥324.74 million. The program will be valid until September 30, 2016. As of July 29, 2016, the company has 8,721,484 shares outstanding excluding treasury shares and has 78,516 shares in treasury.
NCD Co Ltd, formerly Nippon Computer Dynamics Co Ltd, is a Japan-based company engaged in the information technology (IT) business. The Company operates in three business segments. The systems development segment provides system construction solutions, package solutions, and application maintenance and operation. The support & service segment is engaged in the provision of infrastructure construction solutions, infrastructure maintenance and operation solutions, and business support solutions. The parking systems segment is engaged in the construction, operation, and management of bicycle parking lots, sales and operation of bicycle parking lot management systems, and comprehensive bicycle-related consulting. The other business is mainly involved in the provision of other services.