RAKSUL INC. (JP:4384) has released an update.
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RAKSUL INC., a technology platform for small businesses, has confirmed it will not refinance its convertible bonds due in November 2024, relying instead on its strong liquidity position and existing cash flows for future investments. The company anticipates continued organic growth in its e-commerce procurement platform business and aims for a revenue growth rate of approximately 20% in the marketing platform segment for FY2025. Moreover, RAKSUL is committed to shareholder returns, primarily through share buybacks, while also recognizing the importance of sustainable and growing dividends.
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