SHOBIDO Corporation announces an Equity Buyback for 200,000 shares, for ¥100 million.
November 11, 2020 at 06:00 am
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SHOBIDO Corporation (TSE:7819) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.49% of its share capital, for ¥100 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency, and to implement agile capital policies in response to changes in the business environment. The program will run until June 30, 2021. As of September 30, 2020, the company had 13,409,823 shares outstanding (excluding treasury shares) and 177 shares in treasury.
SHOBIDO Corporation, formerly SHO-BI Corporation, is a Japan-based company engaged in the sale of cosmetics, apparels, character goods and contact lens related products to retailers, wholesalers and general consumers. The Company is engaged in the proposal and planning of products that match customer needs, and production outsourcing to manufacturers in Japan and overseas, as well as the planning, manufacture and sale of contact lenses. The brands include DECORATIVE EYES, PienAge and NADESHIKO COLOR. The products include eye makeup products such as eye shadow, pencil eye liner and mascara products, cosmetics such as makeup brushes, puffs, lips and cheeks, nail products such as nail colors, nail chips and nail stickers, travel miscellaneous goods such as travel products and travel sets, fashion miscellaneous goods such as cosmetic pouches, cases, mirrors, wallets and umbrellas, kids goods such as stationeries, bags and towels, as well as gift products.
SHOBIDO CORPORATION 