Jibannet Holdings Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 1.09% for ¥80 million.
May 25, 2017 at 04:00 am EDT
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Jibannet Holdings Co., Ltd. (TSE:6072) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.09% of the outstanding shares for ¥80 million. The purpose of the program is to improve shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. The program will run until August 28, 2017. As of May 25, 2017, the company had 22,928,600 shares outstanding and 158,600 shares in treasury.
Jibannet Holdings Co., Ltd. is a Japan-based holding company specialized in the analysis of ground. The Company operates in groud analysis business. Ground Analysis Service division is involved in the provision of geotechnical analysis reports and quality certificates, through the analysis of ground survey data and the determination of base specifications of housing. Ground Investigation Service division is involved in the provision of ground investigation reports to customers, through the ground investigation of housing. Part Surface Compaction Service division is involved in the provision of part surface compaction services, which comprise the construction of part surface compaction works and the reinvestigation of ground after the part surface compaction works finished, to provide the reinvestigation reports to customers.
JIBANNET HOLDINGS CO., LTD. 
