MRT Inc. announces an Equity Buyback for 190,000 shares, representing 3.34% for ¥150 million.
August 15, 2019 at 03:00 am EDT
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MRT Inc. (TSE:6034) announces a share repurchase program. Under the program, the company will repurchase up to 190,000 shares, representing 3.34% of its share capital, for ¥150 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency, and for shareholder returns. The share repurchase program will run until November 29, 2019. As of June 30, 2019, the company had 5,692,157 shares outstanding (excluding treasury shares) and 243 shares in treasury.
MRT Inc is a Japan-based company mainly engaged in the provision of medical information platform based on Internet. The Medical Information Platform Business segment consists of medical human resources services and others. The medical human resources services include part-time and full-time physician introductions for physicians, mainly through physician referral websites, and part-time job introductions, career change introductions, and temporary placement services for nurses, pharmacists, clinical technologists, clinical engineering technologists, and radiology technologists, who are referred to as co-medicals. Others include provision of groupware to support medical office operations, provision of online medical treatment and health consultation services, provision of marketing and product development by physicians, publishing services, pharmaceutical promotion support for physicians, operation of registration and reception centers, and well-being services.