LOCONDO, Inc. announces an Equity Buyback for 120,000 shares, for ¥180 million.
October 14, 2022 at 02:00 am EDT
Share
LOCONDO, Inc. (TSE:3558) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.04% of its issued share capital for ¥180 million. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment.
The program is valid till February 28, 2023. As of October 14, 2022, the company had 11,487,360 shares issued (excluding treasury stock) and 233,331 shares in treasury.
Jade Group Inc is a Japan-based company mainly engaged in the sale, planning and purchasing of fashion related products, mainly shoes. The electronic commerce (EC) business allows general consumers to purchase products of each brand through LOCOMALL, which is operated at shopping mall sites LOCONDO.jp, Rakuten Ichiba and Yahoo! Shopping. The platform business is engaged in the provision of EC system and logistics services, e-3PL service for logistics warehouse operations, LOCOCHOC service for stores, LOCOPOS service for sales and inventory management. The brand business operates its own brand using the infrastructure of the EC business and the platform business. The main brands include MANGO, Vanity Beauty and Bell Florrie.
JADE GROUP,INC 
