AI,Inc. announces an Equity Buyback for 120,000 shares, representing 2.34% for ¥199.68 million.
November 18, 2019 at 07:00 am
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AI,Inc. (TSE:4388) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 2.34% of its share capital, at ¥1,664 per share for ¥199.68 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of October 31, 2019, the company had 5,122,972 shares outstanding (excluding treasury shares) and 28 shares in treasury.
AI,Inc. mainly engages in research and development of Japanese speech synthesis engines, sales and supporting of its products. The corporate products include AITalk and AITalk Internationa. The Company's main business model is the licensing business. It also engages in contract development of customer's original voice dictionary. The corporate services include cloud services and support services. Cloud services engage in development of voice synthesis service utilizing cloud environment and provision of service via the Internet. Support services provide technical support services to customers licensing corporate products. For consumer products, it engages in sales of packages that make it easy to create audio files.
AI,INC. 
