Cross Cat Co., Ltd. announces an Equity Buyback for 240,000 shares, representing 1.66% for ¥290.4 million.
February 20, 2024 at 02:00 am EST
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Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 240,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥290.40 million. The shares will be repurchased at a price of ¥1,210 per share.
The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of February 20, 2024, the company has 14,479,042 issued shares (excluding treasury stock) and 2,526,632 treasury shares.
CROSS CAT CO.,LTD. is a Japan-based company principally engaged in the information service business and the ancillary services. The Companyâs system solution business is involved in system development including software development, system operation and maintenance, technical support, system consulting and infrastructure support. The business is also involved in business intelligence (BI) business including BI introduction consulting, as well as BI development and implementation support. In the system solution business, the Company outsources part of its development work to its subsidiary, CROSS UIS co.,ltd. Staff services is involved in the provision of services, such as technical dispatch, clerical dispatch, outsourcing and job placement.
CROSS CAT CO., LTD. 
