Charle Co., Ltd. announces an Equity Buyback for 2,770,000 shares, representing 14.69% for ¥1,285.28 million.
November 28, 2016
Share
Charle Co., Ltd. (TSE:9885) announces a share repurchase program. Under the program, the company will repurchase 2,770,000 shares, representing 14.69% of the outstanding shares at ¥464 per share for ¥1285.28 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading. The purpose of the program is to enhance capital efficiency and improve shareholder returns. As of October 31, 2016, the company had 18,856,238 shares outstanding and 2,178,712 shares in treasury.
CHARLE CO., LTD. is a Japan-based company principally engaged in the wholesale of women's underwear. The women's underwear anchored clothing and cosmetics wholesale business sells clothes, focusing on women's underwear, as well as cosmetics and others, produced in Japan and overseas subcontract factories. The Company operates door-to-door sale and mail order sale business through its business members, via home party-style fitting sessions for membership and general consumers.
CHARLE CO.,LTD. 
