I-ne CO., LTD. announces an Equity Buyback for 300,000 shares, representing 1.69% for ¥550 million.
May 10, 2024 at 07:00 am
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I-ne CO., LTD. (TSE:4933) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.69% of its issued shares for ¥550 million. The purpose of share repurchase is to carry out a flexible capital policy in response to changes in the business environment.
The repurchase program will continue until June 21, 2024. As of March 31, 2024, the company had 17,771,240 shares outstanding and 158 shares in treasury.
I Ne Co Ltd is a Japan-based company mainly engaged in the development and sale of hair care products, beauty appliances, cosmetics and health foods. The Company has two regional segments. Domestic segment is engaged in the sale of products to retailers and mass retailers through wholesalers in Japan, and direct sale business to general consumers in Japan using the Internet. Overseas segment is engaged in the direct sale of products to overseas general consumers using the Internet, as well as the wholesale business to overseas Internet distributors, sales agents and beauty specialty stores. The brands include BOTANIST, SALONIA, skinvill, NICOLESS, CAROME., CHILLOUT and DROAS. The main products include shampoo treatments, body soaps, facial cleansers, cleansings, body gels and other care products, hair irons and other beauty appliances, as well as tobaccos, liquid eyeliners and relaxation drinks. It also provides marketing solution from attracting customers to distribution operations.
I-NE CO., LTD. 
