Allied Architects, Inc. announces an Equity Buyback for 40,000 shares, representing 0.92% for ¥100 million.
May 12, 2016
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Allied Architects, Inc. (TSE:6081) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.92% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment and enhance capital efficiency by increasing shareholder value. The share repurchase program is valid until November 15, 2016. As of April 30, 2016, the company had 4,345,900 shares outstanding excluding treasury shares and had no shares in treasury.
Allied Architects, Inc. is a Japan-based company primarily engaged in the social media marketing business. The Company provides SNS related services, SNS advertisement service, and ReFUEL4 service. Its SNS related services provides advertisement content diffusion support service for China market, as well as other SNS related services. SNS advertisement service provides a variety of services suited to the characteristics and target of SNS, such as advertisement agency of SNS advertisement, advertisement distribution utilizing various data obtained from SNS related services, as well as advertisement creative production considering advertisement score (index). Its ReFUEL4 service provides a global platform service named ReFUEL4.