Belluna Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 0.62% for ¥800 million.
February 04, 2019 at 11:30 am IST
Share
Belluna Co., Ltd. (TSE:9997) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.62% of its share capital, for ¥800 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until August 5, 2019. As of January 31, 2019, the company had 97,243,518 shares outstanding (excluding treasury shares) and 954 shares in treasury.
BELLUNA CO.,LTD. is a Japan-based company mainly engaged in the mail order business. The Company operates through seven business segments. General Mail Order segment is involved in the sale of lifestyle related products such as clothing, household goods and furniture, as well as the provision of the related business. Specialty Mail Order segment is involved in the sale of single items, as well as the sale of products specialized for specific customers. Store Sales segment is involved in the sale of clothing and kimono-related products. Solution segment is involved in the consignment business. Finance segment in involved in the provision of consumer finance business for mail order business customers. Property segment mainly includes real estate leasing business, real estate revitalization and development business and hotel business. Other segment is involved in the renting and wholesale of clothing, as well as the operation of golf courses.
BELLUNA CO., LTD. 
