TOKYO, Mar 18 (Pulse News Wire) – Baycurrent,inc. (6532.T) resolved on March 18 to repurchase up to 30 million shares of its common stock for a total cost of 300 million based on Article 459(1) of the Companies Act and the provisions of its articles of incorporation.
The repurchased shares will be promptly canceled to enhance shareholder value. The repurchase program will run from April 15, 2026, to July 31, 2026, through open-market purchases on the Tokyo Stock Exchange via a securities firm's discretionary trading method. In light of strong demand for DX and generative AI consulting services, BayCurrent expects FY2026 performance to align with initial forecasts.
The company also anticipates continued robust demand leading to sustained revenue and profit growth in FY2027. Following the publication of its capital allocation strategy on April 10, 2025, BayCurrent decided to implement strategic share buybacks considering investment opportunities, financial conditions, and stock price levels. All acquired shares will be retired immediately post-acquisition.
As of February 28, 2026, BayCurrent had a total of ¥1 billion ordinary shares outstanding excluding treasury shares, with ¥100 million treasury shares held.
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