Nishimatsuya Chain Co., Ltd. announces an Equity Buyback for 442,000 shares, representing 0.73% for ¥500 million.
March 30, 2022 at 02:30 am EDT
Share
Nishimatsuya Chain Co., Ltd. (TSE:7545) announces a share repurchase program. Under the program, the company will repurchase up to 442,000 shares, representing 0.73% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to acquire treasury stock for the purpose of implementing agile capital policies in response to changes in the business environment and returning profits to shareholders.
The program will continue through April 21, 2022. As of February 20, 2022, the company had 60,787,885 issued shares (excluding treasury stock) and 8,800,971 treasury shares.
NISHIMATSUYA CHAIN Co., Ltd. is a Japan-based company primarily engaged in the operation of specialty chain stores under the name NISHIMATSUYA. The Company offers children's clothing, including outerwear, underwear, pajamas and others; child-care and clothing products, including milk formula and weaning supplies, sanitary products and chandleries, bedroom items, baby cars and car sheets, chairs, rugs and walkers, hats and shoes, toys and gift sets, as well as baby clothing and maternity clothes, among others. The Company is also engaged in the sale of vending machine goods.
NISHIMATSUYA CHAIN CO., LTD. 
