Tanabe Consulting Group Co.,Ltd. announces an Equity Buyback for 500,000 shares, representing 3% for ¥300 million.
May 13, 2024 at 09:00 am
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Tanabe Consulting Group Co.,Ltd. (TSE:9644) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3% of its total shares outstanding (excluding treasury shares), for a total of ¥300 million. The purpose of repurchase program is to to achieve the target of a 10% return on equity set out in the medium-term management plan (2021-2025) "TCG Future Vision 2030J" through the implementation of a flexible capital policy and improved capital efficiency, thereby further increasing corporate value.
The repurchase program is valid till October 31, 2024. As of March 31, 2024, the company had 16,690,552 shares outstanding (excluding treasury shares) and had 817,848 shares in treasury.
Tanabe Consulting Group Co Ltd is a Japan-based company mainly engaged in the management consulting business. The management consulting areas include strategy consulting, digital transformation (DX) consulting and brand & design consulting. The services in the strategic consulting area include domain consulting, function consulting, human resources (HR) Consulting, mergers & acquisitions (M&A) alliance consulting, regional consulting, strategic domain & function study group and first call company (FCC) seminar. The services in the DX consulting area include digital marketing, management DX, branding DX, marketing DX and FCC academy cloud. The services in the brand & design consulting area include marketing strategy planning, branding, customer experience (CX) design, creative, and Web promotion. The sales promotion products include sales promotion tools, blue diaries and calendars.