Tranche Update on I-ne CO., LTD.'s Equity Buyback Plan announced on May 10, 2024.
May 22, 2024 at 11:30 am IST
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From May 10, 2024 to May 21, 2024, the company has repurchased 300,000 shares, representing 1.69% for ¥494.15 million. With this, the company has completed the repurchase of 300,000 shares, representing 1.69% for ¥494.15 million under the buyback announced on May 10, 2024.
I Ne Co Ltd is a Japan-based company mainly engaged in the development and sale of hair care products, beauty appliances, cosmetics and health foods. The Company has two regional segments. Domestic segment is engaged in the sale of products to retailers and mass retailers through wholesalers in Japan, and direct sale business to general consumers in Japan using the Internet. Overseas segment is engaged in the direct sale of products to overseas general consumers using the Internet, as well as the wholesale business to overseas Internet distributors, sales agents and beauty specialty stores. The brands include BOTANIST, SALONIA, skinvill, NICOLESS, CAROME., CHILLOUT and DROAS. The main products include shampoo treatments, body soaps, facial cleansers, cleansings, body gels and other care products, hair irons and other beauty appliances, as well as tobaccos, liquid eyeliners and relaxation drinks. It also provides marketing solution from attracting customers to distribution operations.