TOKYO BASE Co.,Ltd. announces an Equity Buyback for 3,000,000 shares, representing 6.53% for ¥1,000 million.
March 18, 2024 at 03:00 am EDT
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TOKYO BASE Co.,Ltd. (TSE:3415) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.53% of its issued share capital for a total price of ¥1,000 million. The purpose of the program is to improve shareholder returns, capital efficiency, and to implement flexible capital policies according to the business environment.
The repurchase plan will be valid till March 22, 2024. As of March 18, 2024, the company has 45,966,382 shares in issue and 0 shares in treasury.
Tokyo Base Co Ltd is engaged in the retail of clothing, personal items, and miscellaneous goods. The Company provides two kind of products. The brand products include the products purchased by the Companyâs buyers from Japanese local fashion brands. The original products are sold by the person in charge of product planning as original products in cooperation with domestic sewing manufacturers. Incorporating the opinions of the store staffs who interact with customers at the store, the prototype is produced. The Companyâs products are divided into three types: those for STUDIOUS stores, those for UNITED TOKYO stores, and those for PUBLIC TOKYO stores. The actual store sales are operated in Harajuku, Tokyo and Minamihorie, Osaka in Japan, as well as Hong Kong and mainland China. The Internet sales are operated through its own directly managed Websites such as STUDIOUS ONLINE STORE, UNITED TOKYO ONLINE STORE, PUBLIC TOKYO ONLINE STORE, and the online mall ZOZOTOWN.
TOKYO BASE CO.,LTD. 
