Cybozu gains on strong Q1 results and share buyback announcement
Cybozu, Inc. <4776> is trading higher. The stock is showing signs of recovery from its recent lows. The company announced its results for the first quarter (January-March) after the market close on the 14th, reporting sales of 10.246 billion yen, up 17.0% year-on-year, and operating profit of 3.014 billion yen, up 15.3%. Cloud service revenues continued to accumulate steadily.
Cybozu also announced a share buyback program with an upper limit of 3 million shares (6.5% of issued shares) or 3 billion yen. The buyback period will run from May 15 to July 31. These announcements have been well received and are attracting buying interest.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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