BEENOS Inc. announces an Equity Buyback for 160,000 shares, representing 1.23% for ¥800 million.
May 27, 2021 at 02:00 am EDT
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BEENOS Inc. (TSE:3328) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 1.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥800 million. The purpose of the program is to pursue a timely and flexible capital policy in response to changes in the operating environment. The program will be valid till June 30, 2021. As of May 27, 2021, the company had 12,996,793 issued shares (excluding treasury stock) and 339,202 treasury shares.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS INC. 
