Hard Off Corporation Co.,Ltd. announces an Equity Buyback for 250,000 shares, representing 1.85% for ¥200 million.
May 25, 2020 at 02:00 am EDT
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Hard Off Corporation Co.,Ltd. (TSE:2674) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.85% of its share capital, for ¥200 million. The company will repurchase its shares in order to allot and deliver shares to the shareholders of Ecoplus Co., Ltd. in order to make it a wholly-owned subsidiary through a share exchange. The program will run until September 30, 2020. As of March 31, 2020, the company had 13,486,021 shares outstanding (excluding treasury shares) and 467,979 shares in treasury.
Hard Off Corporation Co Ltd is a Japan-based company mainly engaged in the purchase and sale of reused goods. It operates through two segments. The Reuse segment operates the reuse shops Hard Off, Off House, Mode Off, Garage Off, Hobby Off, Liquor Off, and Book Off (Franchisee). Hard Off buys and sells computers, audio and visual equipment, musical instruments, and watches. Off House buys and sells brand-name products, furniture, and interior goods. Mode Off buys and sells women's and men's clothing, and bags. Garage Off buys and sells audio equipment, tires, dress-up products, and other automotive accessories. Hobby Off buys and sells trading cards and games. Liquor Off buys and sells alcoholic beverages, and glasses. Book Off buys and sells books, and compact discs (CDs). The Franchise (FC) segment operates the franchise chain business of the reuse shops Hard Off, Off House, Mode Off, Garage Off, Hobby Off, and Liquor Off. The Company is also engaged in systems development business.
HARD OFF CORPORATION CO.,LTD. 
