Almado, Inc. announces an Equity Buyback for 300,000 shares, representing 3.12% for ¥300 million.
November 14, 2023 at 01:00 am EST
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Almado, Inc. (TSE:4932) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.12% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to improve capital efficiency.
The program will run until December 26, 2023. As of September 30, 2023, the company had 9,612,841 shares in issue (excluding treasury stock) and 781,159 shares in treasury.
Almado Inc manufactures and sells food and cosmetics using eggshell membrane materials. All food and cosmetics production are outsourced. The Company operates the Eggshell Membrane Healthcare business segment. Sales channels include television (TV) shopping sales, external indirect sales and in-house direct sales. In TV shopping sales, the Company introduces eggshell membrane foods and eggshell membrane cosmetics through QVC TV shopping, a TV shopping specialty channel. The main products are the Ode series of cosmetics and TO-II of food. External indirect sales include sales of original equipment manufacturing (OEM) products and wholesale sales. In-house direct sales receive orders directly from end consumers through their own e-commerce sites and other companies' e-commerce sites. Major products include the CELLULA series of cosmetics.
ALMADO, INC. 
