Nomura System Corporation Co, Ltd. announces an Equity Buyback for 100,000 shares, for ?29 million.
November 15, 2021 at 02:00 am
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Nomura System Corporation Co, Ltd. (TSE:3940) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.43% of its issued share capital (excluding treasury shares) for ?29 million. The shares will be repurchased at a price of ?290 per share. The purpose of the program is to improve capital efficiency, enable flexible execution of capital policies in response to changes in the business environment, including consideration of incentive plans, and reduce the shareholding ratio of controlling shareholders. The program is valid till November 16, 2021. As of October 31, 2021, the company had 23,120,258 shares issued (excluding treasury stock) and 9,742 shares in treasury.
Nomura System Corporation Co Ltd is a Japan-based company mainly engaged in the enterprise resource planning (ERP) solutions business, including product implementation consulting and maintenance services. The ERP Solutions segment provides consulting services such as implementation and operation support for ERP package software, which integrates core business functions such as financial accounting, sales, logistics, purchasing, production, and human resources into computer software functions. It also develops original solution templates to achieve high quality, short-term, and low-cost implementation. There are two services. The function implement service (FIS) provides partner companies, who are prime vendors, with SAP ERP consulting services tailored to individual issues, such as analyzing customer requirements and designing implementation functions. The prime service deals directly with end users and also provides consulting services on behalf of partner companies.