Noevir Holdings Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 4.23% for ¥11,000 million.
November 07, 2017 at 06:00 am
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Noevir Holdings Co., Ltd. (TSE:4928) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 4.23% of its share capital, for ¥11,000 million. The company will repurchase its shares in order to enhance shareholder returns along with improving capital efficiency. The share repurchase program will run until November 17, 2017. As of October 31, 2017, the company had 35,451,623 shares outstanding (excluding treasury shares) and 30 shares in treasury.
Noevir Holdings Co., Ltd. is a Japan-based company engaged in the manufacture and sale of cosmetics, toiletries, pharmaceuticals and foods, as well as the purchase and sale of cosmetic products. The Company operates in three business segments. The Cosmetics segment is engaged in the manufacture and sale of cosmetics and toiletries, as well as the purchase and sale of cosmetic products. The Pharmaceuticals and Foods segment is engaged in the manufacture and sale of general drugs and foods. The Others segment is engaged in the purchase and sale of apparels, body fashion, aircrafts and vessels, as well as air transportation business.
NOEVIR HOLDINGS CO., LTD. 
