Nishimatsuya Chain Co., Ltd. announces an Equity Buyback for 412,000 shares, representing 0.68% for ¥500 million.
September 28, 2022 at 02:30 am EDT
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Nishimatsuya Chain Co., Ltd. (TSE:7545) announces a share repurchase program. Under the program, the company will repurchase up to 412,000 shares, representing 0.68% of its total shares outstanding excluding treasury shares, for a total of ¥500 million. The purpose of repurchase program is to execute a flexible capital policy in response to changes in the business environment and to return profits to shareholders.
The repurchase program is valid till October 21, 2022. As of August 20, 2022, the company had 60,484,867 shares outstanding excluding treasury shares and had 9,103,989 shares in treasury.
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. 
