Generation Pass Co., Ltd. announces an Equity Buyback for 162,000 shares, representing 1.96% for ¥100 million.
December 15, 2017 at 05:00 am
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Generation Pass Co., Ltd. (TSE:3195) announces a share repurchase program. Under the program, the company will repurchase up to 162,000 shares, representing 1.96% of its share capital, for ¥100 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy considering its use for M&A, along with enhancing shareholder returns. The share repurchase program will run until March 18, 2018. As of December 15, 2017, the company had 8,248,040 shares outstanding (excluding treasury shares) and 400 shares in treasury.
GENERATION PASS CO.,LTD. is engaged in the e-commerce business and system development and film produce business. The E-Commerce (EC) Marketing segment involves EC division and EC service division. EC division collects, analyzes and sells the market data of goods related to the customersâ consumption pattern. EC support division uses the marketing data from EC marketing division, provides support services to customers. The Product Planning related segment is a project that utilizes the product data acquired by the Company's EC marketing business, and mainly engages in planning and development of products in collaboration with manufacturers. The Act Group segment is a planning and manufacturing business of bedding and interior products. The Other segment is the contract development and system development business of software and the business of food allergen test / reagent development and sales.
GENERATION PASS CO.,LTD. 
