NCS&A Co., Ltd. announces an Equity Buyback for 1,750,000 shares, representing 9.54% for ¥820.75 million.
October 27, 2020 at 04:00 am EDT
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NCS&A Co., Ltd. (TSE:9709) announces a share repurchase program. Under the program, the company will repurchase 1,750,000 shares, representing 9.54% of its share capital, at ¥469 per share for ¥820.75 million. The company will repurchase its shares in order to mitigate the short-term impact of the sale of its shares by NEC Corporation (TSE:6701) on the supply and demand of its shares, reduce the impact on existing shareholders, and further return profits to shareholders. As of September 30, 2020, the company had 18,341,531 shares outstanding (excluding treasury shares) and 1,658,469 shares in treasury.
NCS&A CO.,LTD. is a Japan-based company engaged in the provision of integrated information services, including the design, development, operation support and maintenance of systems. The systems development business is engaged in the design of systems, the development of software, and the sale of customized packaged software products. The services business is engaged in the provision of maintenance services for computer equipment and other hardware, and system support services for enterprise computer systems, as well as the operation of inbound and outbound call centers for distribution and mail order fields. The system equipment sales business is engaged in the sale of computer equipment and peripherals, and packaged software products.
NCS&A CO., LTD. 