Ubicom Holdings, Inc. announces an Equity Buyback for 70,000 shares, representing 0.59% for ¥170 million.
March 17, 2022 at 07:30 am
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Ubicom Holdings, Inc. (TSE:3937) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.59% of its issued share capital (excluding treasury stock), for ¥170 million. The purpose of the program is improving capital efficiency and agile capital as an incentive for Group employees and for future use as M&A funds and further return of profits to shareholders.
The program will run until April 28, 2022. As of December 31, 2021, the company had 11,833,570 shares in issue (excluding treasury stock) and 190 shares in treasury.
Ubicom Holdings Inc is a Japan-based company engaged in software development, sales, and consultation business. The Company operates two business segments. The global segment consists of global department and enterprise solutions department, based in Japan and the Philippines, provides IT solution services to the manufacturing industries, including personal computer (PC) and information technology (IT) equipment, automobiles, and industrial machinery, and medical, financial, public, distribution/retail/service industries. The medical segment develops and sells software products for medical information systems for hospitals, other medical institutions, and related facilities, and provides contract development, medical data analysis, and consultation services.
UBICOM HOLDINGS, INC. 
