Nomura System Corporation Co, Ltd. announces an Equity Buyback for 100,000 shares, for ?29 million.
November 15, 2021 at 07:00 am
Share
Nomura System Corporation Co, Ltd. (TSE:3940) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.43% of its issued share capital (excluding treasury shares) for ?29 million. The shares will be repurchased at a price of ?290 per share. The purpose of the program is to improve capital efficiency, enable flexible execution of capital policies in response to changes in the business environment, including consideration of incentive plans, and reduce the shareholding ratio of controlling shareholders. The program is valid till November 16, 2021. As of October 31, 2021, the company had 23,120,258 shares issued (excluding treasury stock) and 9,742 shares in treasury.
Nomura System Corporation Co, Ltd. is a Japan-based company mainly engaged in the enterprise resource planning (ERP) solution business. The ERP Solution business provides consulting services such as the introduction and operational support of ERP software packages. ERP software packages integrate the Company's core business functions include financial accounting, sales, logistics, procurement, production and human resources into computer software function. The Company provides two services. Function Implement Service (FIS) provides SAP ERP consulting services to prime vendor partners. Prime services deal directly with end users. The Company is also involved in the sale of licenses.