BEAUTY GARAGE Inc. announces an Equity Buyback for 100,000 shares, representing 1.58% for ¥100 million.
March 24, 2020 at 02:00 am EDT
BEAUTY GARAGE Inc. (TSE:3180) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.58% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, as well as improve capital efficiency. The program will run until June 30, 2020. As of January 31, 2020, the company had 6,376,000 shares outstanding and 54,980 shares in treasury.