Fundely Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.55% for ¥100 million.
March 16, 2020 at 08:00 am
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Fundely Co., Ltd. (TSE:3137) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.55% of its share capital, for ¥100 million. The company will repurchase its shares in order to further enhance corporate value by enhancing shareholder returns and improving capital efficiency. The program will run until June 30, 2020. As of March 13, 2020, the company had 6,455,100 shares outstanding (excluding treasury shares) and 0 shares in treasury.
Fundely Co., Ltd. is a Japan-based company mainly engaged in the medical food delivery (MFD) business and the marketing business. The Company operates through two business segments. The MFD segment is mainly engaged in the home delivery of healthy food through mail-order sales, and the issuing of health food mail-order catalogs. The Marketing segment is mainly engaged in the sale of catalog magazines advertising frame, the business contract of sampling products, as well as the operation of healthy diet recipe information sites through the networks of the Company owned media and other medical institutions.
FUNDELY CO., LTD. 
