Chiyoda Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 1.68% for ¥500 million.
October 08, 2021 at 02:30 am EDT
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Chiyoda Co., Ltd. (TSE:8185) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 1.68% of the outstanding shares for ¥500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and to improve shareholder profits. The program will run until February 18, 2022. As of September 30, 2021, the company had 35,653,584 shares outstanding and 2,956,412 shares in treasury.
CHIYODA CO.,LTD. is mainly engaged in retail and wholesale of shoes and clothing. The Company operates in two business segments. The Shoes segment is engaged in retail and wholesale of shoes. The Clothing segment is engaged in the retail of clothing. Stores include TOKYO SHOES RETAILING CENTER, SHOE PLAZA, CHIYODA HAKI-GOKOCHI, Chiyoda, cloverleaf, SPC, SHOE PLAZA PARK, SHOES Paletta, VifVif by cloverleaf, COURIPIE and NATURA. The brands include HYDRO-TECH, CEDAR CREST, Bio Fitter, Cristiano Rossani, fuwaraku, cloverleaf, ChiffonFit, KIREI WALK, FILA, be GAIA, Regent Street, Shutte, ELLE SPORT, McGREGOR, TEXACO, OCEAN PACIFIC, Yukiko Kimijima, Zipper, SAVOY, GERRY COSBY, SURPLUS, reyn spooner and AMERICANINO EDWIN.
CHIYODA CO., LTD. 
