Nomura System Corporation Co, Ltd. announces an Equity Buyback for 50,000 shares, representing 0.44% for ¥27.2 million.
November 07, 2019 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 50,000 shares, representing 0.44% of the outstanding shares for ¥27.2 million. The purpose of the program is to enhance capital efficiency, to enable the implement a flexible capital policy in response to changes in the business environment and increase shareholder value per share in the future. As of October 31, 2019, the company had 11,434,800 shares outstanding and 330 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.