I Cubed Systems, Inc. announces an Equity Buyback for 200,000 shares, representing 3.78% for ¥298.4 million.
May 14, 2024 at 03:30 am
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i Cubed Systems, Inc. (TSE:4495) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.78% of its issued share capital, for ¥ 298.4 million. The repurchase price will be ¥1,492 per share.
The purpose of the program is to enable the company to flexibly implement capital policies in response to future changes in the business environment and improve capital efficiency. As of March 31, 2024, the company had 5,295,382shares (excluding treasury stock) and 168 shares in treasury.
i Cubed Systems Inc is a Japan-based company mainly engaged in the provision of management services for managing mobile terminals as Software as a Service (SaaS), and the investing activities. The Company operates through two business segments. The CLOMO business segment provides functions for visualizing the usage status of mobile terminals, setting and restricting functions, and security measures as licenses, centered on CLOMO MDM, a mobile device management (MDM) service that centrally manages and operates mobile terminals and mobile personal computers (PCs). The CLOMO business segment also sells licenses for CLOMO SECURED APPs, which are applications for mobile terminals. The main services include CLOMO service and SECURED APPs service. The Investment Business segment is engaged in investment activities through corporate venture capital (CVC) and mergers and acquisitions (M&A). The main investment targets include mobile, SaaS, security and others.
I CUBED SYSTEMS, INC. 
