BEENOS Inc. announces an Equity Buyback for 210,000 shares, representing 1.72% for ¥400 million.
November 22, 2018 at 01:00 am EST
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BEENOS Inc. (TSE:3328) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 1.72% of the outstanding shares for ¥400 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until February 25, 2019. As of September 30, 2018, the company had 12,202,922 shares outstanding and 129,678 shares in treasury.
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. 
