Xebio Holdings Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1.12% for ¥900 million.
August 03, 2018 at 12:00 am EDT
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Xebio Holdings Co., Ltd. (TSE:8281) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.12% of its share capital, for ¥900 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until November 30, 2018. As of June 30, 2018, the company had 44,711,931 shares outstanding (excluding treasury shares) and 3,199,092 shares in treasury.
XEBIO holding Co., Ltd., formerly XEBIO CO., LTD., is a Japan-based company mainly engaged in general retail business centered on sporting goods, utensils and clothing. It also engages in sports marketing business, product development business, credit card business and Website operation business. The sports business division operates sports specialty shops and golf specialty shop business, as well as casual clothing business. The fashion apparel division includes next business and X'tyle business. The Others operate sports glasses and sunglasses specialty stores and sports drug specialty shops. The company also engages in other businesses, such as marketing agent business, overseas contact service, research and development business, group corporate contract business.