Kotobukiya Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 2.91% for ¥120 million.
February 13, 2019 at 01:00 am EST
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Kotobukiya Co., Ltd. (JASDAQ:7809) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 2.91% of the outstanding shares for ¥120 million. The purpose of the program is to enable to implementation a flexible capital policy in response to changes in the business environment. The program will run until December 20, 2019. As of December 31, 2018, the company had 2,747,953 shares outstanding and 47 shares in treasury.
KOTOBUKIYA CO., LTD. is a Japan-based company mainly engaged in the design, development, production and sale of hobby goods, such as Figure, plastic models, collectibles and other related goods. The Company operates Manufacture and Sales of Hobby Goods segment. About hobby related items, such as popular animation/games/movie characters, the Company operates through acquisition of copyright from the publisher, product planning, development, design work, manufacturing management and sales. Production is mainly entrusted to manufacturing companies in China. The Company sales products through retail store and mail order site operated by the Company, wholesalers, and electronic commerce (EC) sites of other companies. The Company is also selling to distributors in North America, Europe and Asia.
KOTOBUKIYA CO., LTD. 
