SE Holdings and Incubations Co., Ltd. announces an Equity Buyback for 340,000 shares, representing 1.86% for ¥100 million.
January 30, 2024 at 01:30 am EST
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SE Holdings and Incubations Co., Ltd. (TSE:9478) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 1.86% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to carry out flexible management that responds to changes in the economic situation.
The repurchased shares will be cancelled. The program will continue through February 28, 2024. As of December 31, 2023, the company had 18,305,897 issued shares (excluding treasury stock) and 1,678,329 treasury shares.
SE Holdings and Incubations Co Ltd is a Japan-based company engaged in supporting and nurturing the start-up of information technology (IT) related companies. It operates through five segments. The Publishing segment issues and sells computer-related books, provides computer-related conferences and education, provides computer-related technical information online, issues and sells general books and translated books. The Corporate Services segment provides IT-related companies with the planning and manufacturing of product accessories, services related to product marketing and sales promotion. The Software and Network segment plans, develops, and operates web services, and develops social games and smartphone apps. The Education and Human Resources segment provides medical industry-related job change support and job search site management, and IT human resources education and training. The Investment Management segment invests in securities and rents real estate.