Charle Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 1.55% for ¥131.5 million.
December 08, 2017 at 02:30 am EST
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Charle Co., Ltd. (TSE:9885) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.55% of the outstanding shares, at ¥526 per share for ¥131.5 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of November 30, 2017, the company had 16,086,149 shares outstanding and 101 shares in treasury.
CHARLE CO., LTD. is a Japan-based company principally engaged in the wholesale of women's underwear. The women's underwear anchored clothing and cosmetics wholesale business sells clothes, focusing on women's underwear, as well as cosmetics and others, produced in Japan and overseas subcontract factories. The Company operates door-to-door sale and mail order sale business through its business members, via home party-style fitting sessions for membership and general consumers.