Property Data Bank, Inc. announces an Equity Buyback for 170,000 shares, representing 2.91% for ¥100 million.
March 30, 2020 at 08:00 am
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Property Data Bank, Inc. (TSE:4389) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 2.91% of its share capital, for ¥100 million. The company will repurchase its shares in order to strengthen shareholder returns, improve capital efficiency, implement a flexible capital policy in response to changes in the business environment. The program will run until June 30, 2020. As of March 30, 2020, the company had 5,850,457 shares outstanding (excluding treasury shares) and 40,043 shares in treasury.
Property Data Bank, Inc. is engaged in development of software for real estate and facility management, as well as provision of integrated asset management cloud service under the name @property. The cloud service mainly engages in provision and maintenance of @property, and support of users. It receives monthly usage fee and maintenance service fee by customer-based billing according to the number of registered building data on a monthly basis from customers. The solution service engages in business efficiency improvement for customers, who already introducing @ property or planning to introduce it. It also engages in provision of solution services according to customer specific needs.
PROPERTY DATA BANK, INC. 
