Happiness and D Co., Ltd. announces an Equity Buyback for 20,000 shares, representing 0.8% for ¥20 million.
July 11, 2018 at 02:10 am EDT
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Happiness and D Co., Ltd. (JASDAQ:3174) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.8% of its share capital, for ¥20 million. The company will repurchase its shares as part of its shareholder returns policy in order to enable the implementation of a flexible capital policy which responds to changes in the business environment, and improve capital efficiency. The share repurchase program will run until August 24, 2018. As of June 30, 2018, the company had 2,492,352 shares outstanding (excluding treasury shares) and 40,048 shares in treasury.
Happiness and D Co., Ltd. is engaged in operation of select shops under the name Happiness and GINZA Happiness in the tenants of national shopping centers. It engages in sales of imported brand products, including jewelry, such as imported brand jewelry and diamond jewelry consisting of rings, necklaces, earrings and bracelets; watches, such as imported brand watches and home-made brand watches; handbags and accessories, such as brand bags, wallets, key cases, ties and perfume, as well as sunglasses and glasses. It is also engaged in e-commerce (EC) business. It operates official mail-order site, and also opens stores in Yahoo and other shopping sites.
HAPPINESS AND D CO.,LTD. 
