JADE GROUP,Inc announces an Increase in Equity Buyback.
October 15, 2023
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On October 16, 2023, the company announced an increase in its equity buyback plan. The company increased its authorization by an additional 175,000 shares for amount of ¥500 million, thereby increasing the total plan term number of shares to 575,000 and total plan term monetary value authorization to ¥1,000 million and also extended its plan duration till October 31, 2024.
Jade Group Inc is a Japan-based company mainly engaged in the sale, planning and purchasing of fashion related products, mainly shoes. The electronic commerce (EC) business allows general consumers to purchase products of each brand through LOCOMALL, which is operated at shopping mall sites LOCONDO.jp, Rakuten Ichiba and Yahoo! Shopping. The platform business is engaged in the provision of EC system and logistics services, e-3PL service for logistics warehouse operations, LOCOCHOC service for stores, LOCOPOS service for sales and inventory management. The brand business operates its own brand using the infrastructure of the EC business and the platform business. The main brands include MANGO, Vanity Beauty and Bell Florrie.
JADE GROUP,INC 
