Property Data Bank, Inc. announces an Equity Buyback for 40,000 shares, representing 0.68% for ¥40 million.
July 30, 2019 at 09:30 am
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Property Data Bank, Inc. (TSE:4389) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 0.68% of the outstanding shares for ¥40 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to enhance capital efficiency. The program will run until October 31, 2019. As of July 30, 2019, the company had 5,884,200 shares outstanding and 0 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. 
