CEC to buy back shares, plans cancellation amid strong earnings

Computer Engineering & Consulting Ltd (TSE: 9692) has announced a plan to acquire up to 1,200,000 of its own shares, not exceeding a total purchase price of ¥2 billion, between March 14, 2025, and October 31, 2025. The company intends to cancel all acquired shares on January 16, 2026. The buyback and subsequent cancellation aims to improve capital efficiency and enhance shareholder returns. The buyback is planned as the company is posting positive earnings, including an expected ¥4.9 billion in net income for the fiscal year ending January 2026. CEC reported strong fiscal year 2025 results, with revenues up 5.8% to ¥56.2 billion and operating income rising 5.3% to ¥6.7 billion. The company forecasts further revenue growth of 7.6% to ¥60.5 billion in fiscal year 2026, accompanied by a slight increase in operating income. The firm’s strategic focus is shifting toward new segments, research and development, and potential M&A activities to support long-term growth.