PCI Holdings, Inc. announces an Equity Buyback for 150,000 shares, representing 3.56% for ¥250 million.
January 10, 2019 at 01:00 am EST
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PCI Holdings, Inc. (TSE:3918) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 3.56% of the outstanding shares for ¥250 million. The purpose of the program is to improve shareholder returns and to enhance capital efficiency by implementing a flexible capital policy. The program will run until February 8, 2019. As of September 30, 2018, the company had 4,208,724 shares outstanding and 47,876 shares in treasury.
PCI Holdings, INC. is a Japan-based company principally engaged in the information services business. The Company operates in three segments. The Technical Solutions segment is engaged in the software development business. The Business Solutions segment is engaged in the construction of information technology (IT) systems, the provision of solutions utilizing packaged software products planned and developed by the Company, the operation and maintenance of systems, as well as the purchase and sale of other hardware, among others. The Internet of Things (IoT) and Internet of Everything (IoE) Solutions segment is engaged in the provision of IoT and IoE solutions. The Company is also involved in the dispatching of information technology (IT) engineers.
PCI HOLDINGS, INC. 
