Central Sports Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 0.89% for ¥350 million.
September 27, 2019 at 03:00 am EDT
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Central Sports Co., Ltd. (TSE:4801) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.89% of the outstanding shares for ¥350 million. The purpose of the program is to strengthen shareholder returns, enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until October 31, 2019. As of June 30, 2019, the company had 11,265,686 shares outstanding and 200,614 shares in treasury.
CENTRAL SPORTS CO., LTD. is a Japan-based company mainly engaged in the sports club and related business. The Company operates membership-based gyms under the names Central Swim Club, Central Sports Club, Central Fitness Club and Central Wellness Club. The Company is also engaged in the operation of golf clubs through its subsidiaries in Colorado, the United States. The Company generates its revenue mainly from membership fees of gyms with machines, studios, pools and spa facilities, as well as sports schools for children and adults, such as swimming schools and gymnastics schools. The Company also sells various types of sports products through its specialty retail stores and vending machines in its clubs. Other activities include the travel business, such as the sale of travel products, and the facility leasing business.
CENTRAL SPORTS CO., LTD. 
