Bank of Innovation,Inc. announces an Equity Buyback for 60,000 shares, representing 1.54% for ¥100 million.
February 21, 2020 at 01:00 am
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Bank of Innovation,Inc. (TSE:4393) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 1.54% of its share capital, for ¥100 million. The company will repurchase its shares in order to increase shareholder value per share over the medium-to-long term. The program will run until May 22, 2020. As of December 31, 2019, the company had 3,888,365 shares outstanding (excluding treasury shares) and 58,635 shares in treasury.
Bank of Innovation, Inc. is a Japan-based company engaged in the development and operation of smartphone game applications. The Company provides game applications to users through the platforms operated by Google Inc. and Apple Inc., etc. The Company's game applications introduce multi-step check in graphic production and game system development, specializing in 2-Dimensions (2D) graphics. The Company implements promotions that are judged to be more cost effective within the set budget. Also, to appropriately control the promotion unit price, the Company carries out data analysis and plan-do-check-act (PDCA) cycle on promotion measures implemented. The Company also focuses on the development and operation of original titles and establishes its own intellectual property (IP) and diversifies its profits by collaboration with the promotions.
BANK OF INNOVATION,INC. 