MOONBAT Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 1.04% for ¥45 million.
February 10, 2020 at 11:30 am IST
Share
MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.04% of the outstanding shares for ¥45 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 18, 2020. As of January 31, 2020, the company had 4,825,260 shares outstanding and 516,473 shares in treasury.
MOONBAT Co., Ltd. is a Japan-based company mainly engaged in the planning, import, manufacture, purchase and sale of umbrella, clothing, fur, leather, jewelry, hat, as well as other accessories. The Company operates in two business segments. The Clothing Accessories segment is engaged in planning, import and sale of furs and jewelry goods. The Personal Belongs segment plans, imports, manufactures and sells Western-style umbrellas, Western-style products and hats.