Jorudan Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 1.16% for ¥60 million.
February 08, 2017
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Jorudan Co., Ltd. (JASDAQ:3710) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 1.16% of the outstanding shares for ¥60 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until March 17, 2017. As of January 31, 2017, the company had 5,182,357 shares outstanding and 72,643 shares in treasury.
Jorudan Co., Ltd. engages in manufacturing and sales of software Norikae used for path search and fare calculation, and provision of associated services. The Company operates through two business segments. The Transfer Guide segment engages in sales of Norikae products for personal computers and cell phones, provision of version upgrade services. It engages in sales of corporate-oriented products for corporations, provision of travel expense adjustment support, and provision of Web services for other companies and organizations. It also provides restaurant information on Internet. This segment obtains revenue through its service, including provision of pay service for mobile of Norikae, sales of advertising space and planning, as well as arrangement and sales of travel. The Multimedia segment provides content for Internet. It also provides book publishing services. The other business engages in entrust development of software and leasing of information related equipment.
JORUDAN CO.,LTD. 
