Charle Co., Ltd. announces an Equity Buyback for 310,000 shares, representing 1.62% for ¥141.05 million.
August 30, 2016
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Charle Co., Ltd. (TSE:9885) announces a share repurchase program. Under the program, the company will repurchase 310,000 shares, representing 1.62% of the outstanding shares at ¥455 per share for ¥141.05 million. Shares will be repurchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 31, 2016, the company had 19,165,436 shares outstanding and 1,869,514 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. 
