Azoom Co.,Ltd announces an Equity Buyback for 50,000 shares, representing 3.42% for ¥80 million.
April 30, 2020 at 06:00 am
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Azoom Co.,Ltd (TSE:3496) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 3.42% of its share capital, for ¥80 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until July 31, 2020. As of March 31, 2020, the company had 1,460,932 shares outstanding (excluding treasury shares) and 68 shares in treasury.
AZoom Co Ltd is a Japan-based company primarily engaged in idle asset utilization business and visualization business. The Company operates in two business segments. The Idle Asset Utilization segment operates the monthly parking lot portal site CarParking and provides a monthly parking lot introduction service that introduce parking lots, as well as renting vacant parking lots from parking lot owners and subleasing them to users as monthly parking lots. The Company's business focuses on monthly parking sublease services. The Company also offer SMART KUKANYOYAKU, a Web reservation system that supports the operation of rental spaces such as conference rooms, gyms, studios and others, Coupa Search, a portal site for hourly parking lots, AdWall, a search site for outdoor advertising spaces. The Visualization segment utilizes specialized skills 3D computer graphics (3DCG) technology to help explain how buildings and spaces are used and how to visualize the finished product.
AZOOM CO.,LTD 
