Golf Do Co., Ltd. announces an Equity Buyback for 270,000 shares, representing 10.63% for ¥136.62 million.
August 28, 2017 at 08:30 am
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Golf Do Co., Ltd. (NSE:3032) announces a share repurchase program. Under the program, the company will repurchase up to 270,000 shares, representing 10.63% of its share capital, at ¥506 per share for ¥136.62 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. As of June 30, 2017, the company had 2,540,642 shares outstanding (excluding treasury shares) and 141,958 shares in treasury.
GOLF DO CO., LTD. is a company mainly engaged in the operation of direct and franchised chain stores that purchase and sell secondhand golf clubs. The Company operates in four segments. The Direct Sales segment is engaged in the direct sales by direct-operated stores and mail order sales using the Internet. The Franchise segment sells goods to franchise merchants, provides services, guidance and assistance on business management. The Business Sales segment engages in the dealer sales by Business to Business. The Wellness segment operates the relaxation salon business. The company's main products include golf clubs and golf equipment.
GOLF DO CO., LTD. 
