Hiraki Co.,Ltd.'s Equity Buyback in the amount of ¥30 mm has expired
November 30, 2012 at 04:00 am
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The Board of Directors of HIRAKI CO., LTD. (TSE:3059) authorized a share repurchase program on August 3, 2012. Under the program, the company will repurchase up to 50,000 shares, representing 1.02% of its outstanding share capital (excluding treasury shares), for a total cost of up to ¥30 million. Repurchases will be made between August 6, 2012 and November 30, 2012. As of August 3, 2012, the company has 4,888,800 shares outstanding (excluding treasury shares) and 266,800 shares held in treasury.
HIRAKI CO., LTD.'s share repurchase program expired on November 30, 2012. Under the plan, the company has repurchased 7,800 shares, representing 0.16% for a total cost of up to ¥4.04 million.
HIRAKI CO., LTD. is a Japan-based company mainly engaged in the mail order business and general stores business, focusing on shoes, footwear, clothes and other sundry products. The Company operates in three business segments. The Mail Order segment is engaged in the sale of shoes, footwear, clothes and other sundry products developed by the Company through the catalog and Internet. The Discount Stores segment is primarily engaged in the sale of shoes, groceries, clothes, and other daily goods through its discount stores. The Wholesale segment is engaged in the wholesale of shoes and footwear, focusing on original equipment manufacturer (OEM) products, to major retailers and mass merchandise outlets.