HOTMAN Co., Ltd. announces an Equity Buyback for 220,000 shares, representing 3.63% for ¥110 million.
May 26, 2016 at 11:41 am IST
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HOTMAN Co., Ltd. (JASDAQ:3190) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 3% of its share capital, for a total cost of ¥110 million. The shares will be repurchased for further reducing shareholder profits, along with improving capital efficiency by implementing a flexible capital policy in response to changes in the business environment. The repurchase program will expire on December 30, 2016. As of March 31, 2016, the company had 6,053,134 shares outstanding excluding treasury shares and had 47,369 shares in treasury.
HOTMAN Co., Ltd. is a Japan-based company principally engaged in the automotive supplies and automotive-related business. The Company operates in three business segments. The YellowHat segment is engaged in the sale, installation, inspection and maintenance of car supplies. The TSUTAYA segment is engaged in the rental and sale of digital versatile discs (DVDs), compact discs (CDs) and books. The UP GARAGE segment is engaged in the purchase and sale of used car supplies. The Company is also engaged in the retail and purchase of cars, the sale of Daiso products and lotteries, the operation of Internet cafes, amusement facilities and coffee shops, as well as the real estate leasing business.
HOTMAN CO.,LTD. 
