Cross Cat Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 1.76% for ¥61.8 million.
February 16, 2016
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Cross Cat Co., Ltd. (JASDAQ:2307) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.76% of its outstanding shares excluding treasury shares for ¥61.8 million. The shares will be repurchased at the closing stock price of ¥412 per share as on February 17, 2016 on the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3).
The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. As of February 17, 2016, the company had 8,527,466 outstanding shares excluding treasury shares and 683,494 shares in treasury.
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. 
