Tokyo Soir Co., Ltd. announces an Equity Buyback for 1,400,000 shares, representing 7.51% for ¥320 million.
February 14, 2018 at 11:10 am IST
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Tokyo Soir Co., Ltd. (TSE:8040) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 7.51% of the outstanding shares, for ¥320 million. The purpose of the program is to enhance capital efficiency, to increase shareholder value per share and to implement a flexible capital policy in response to changes in the business environment. The program will run until March 14, 2018. As of December 31, 2017, the company had 18,641,455 shares outstanding (excluding treasury shares) and 947,545 shares in treasury.
TOKYO SOIR CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of women's formal wear and the sale of accessory accessories. The Company is a comprehensive women's formal wear maker that plans products for wear and accessories and wholesales it to department stores and chain stores nationwide. The Company provides black formal, color formal and accessory products.