Adjuvant Cosme Japan Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 0.63% for ¥45.8 million.
April 21, 2017 at 02:35 am EDT
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Adjuvant Cosme Japan Co.,Ltd. (TSE:4929) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.63% of the outstanding shares, at ¥916 per share for ¥45.8 million. Shares will be repurchased by negotiated transaction. The purpose of the program is to repurchase company common shares held by a subsidiary, based on Article 135-3 of the Company Act. Shares will be repurchased from EXCEED system. Co., Ltd. The purchase and sale contract will be concluded on April 21, 2017 and the transfer is expected to be carried out on April 28, 2017. As of March 20, 2017, the company had 7,959,600 shares outstanding and 0 shares in treasury.
Adjuvant Holdings Co Ltd, formerly Adjuvant Cosme Japan Co Ltd, is a Japan-based company mainly engaged in the planning, research, development and sale of adjuvant cosmetics, and the provision of related services. The Company is engaged in the provision of skin care products such as cleansings, facial cleanser, lotions, masks, moisturizing creams, makeup bases, makeup products and body care products, hair care products such as shampoos, treatments, scalp cleansers, scalp lotions, styling products and coloring products, as well as other products such as cloud-based management support systems and computer software related products. The Company is engaged in the provision of products to hairdressing salons, esthetic salons, nail salons, eyelash salons, beauty clinics and others.
ADJUVANT HOLDINGS CO.,LTD. 
