Gremz,Inc. announces an Equity Buyback for 360,000 shares, representing 3.09% for ¥491.76 million.
December 21, 2018 at 02:30 am
Share
gremz,Inc. (JASDAQ:3150) announces a share repurchase program. Under the program, the company will repurchase up to 360,000 shares, representing 3.09% of its share capital, at ¥1,366 per share for ¥491.76 million. The company will repurchase as part of its flexible capital policy. As of November 30, 2018, the company had 11,640,728 shares outstanding (excluding treasury shares) and 4,672 shares in treasury.
gremz,Inc. is primarily engaged in providing consulting services, various products and services related to electric power, as well as development of renewable energy. The Company operates in three business segments. The Energy Cost Solution segment is engaged in the proposal of energy cost reduction for corporations, the sale of light-emitting diode (LED) lighting equipment, and electricity retail business. The Smart House Project segment sells products that reduce environmental impact such as household solar power generation systems and storage batteries, as well as development of renewable energy. The Incubation segment is engaged in finding out new business, the sale of products through Website.
GREMZ,INC. 
