SMS Co., Ltd. announces an Equity Buyback for 883,100 shares, representing 1.01% for ¥2,000 million.
October 27, 2023 at 02:05 am EDT
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SMS Co., Ltd. (TSE:2175) announces a share repurchase program. Under the program, the company will repurchase up to 883,100 shares, representing 1.01% of its share capital for ¥2,000 million. The shares will be repurchased in order to enable flexible implementation of capital policies in response to changes in the business environment.
The program will be valid till December 31, 2023. As of September 30, 2023, the company had 87,560,915 shares (excluding treasury shares) and 685 shares in treasury.
SMS CO., LTD. is mainly engaged in the information operation businesses in nursing care, healthcare, career, senior life and overseas fields to business operators and end user, among others. The nursing care field is engaged in management support and meal home delivery search services to nursing care providers. The healthcare field is engaged in the communication sale business. The career field is engaged in the provision of nursing care services, recruiting information services and other medical related businesses. The overseas field is engaged in the provision of medical information services for medical staff and business operators.