Alpen Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 1.02% for ¥1,000 million.
May 10, 2022 at 02:32 am
Share
Alpen Co.,Ltd. (TSE:3028) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.02% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns.
The repurchased shares will be cancelled. The program will run until May 18, 2022. As of December 31, 2021, the company had 39,192,473 shares in issue (excluding treasury stock) and 95,527 shares in treasury.
Alpen Co.,Ltd. is engaged in manufacturing and sales of sports products. The retail business is engaged in sales of winter products, including ski equipment and snowboarding equipment, sales of golf products, as well as general sports products, including training and fitness equipment, camping and tracking equipment, casual wear, marine goods, tennis and table tennis rackets, and items for baseball and soccer. The other business provides credit card services and operation of fitness clubs, ski and golf courses.
ALPEN CO.,LTD. 