Alpen Co.,Ltd. announces an Equity Buyback for 1,300,000 shares, representing 3.21% for ¥2,500 million.
February 06, 2020 at 01:30 am EST
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Alpen Co.,Ltd. (TSE:3028) announces a share repurchase program. Under the program, the company will repurchase 1,300,000 shares, representing 3.21% of its share capital, for ¥2,500 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to improve shareholder value. The program will run until February 14, 2020. As of December 31, 2019, the company had 40,487,043 shares outstanding (excluding treasury shares) and 957 shares in treasury.
Alpen Co.,Ltd. is engaged in manufacturing and sales of sports products. The retail business is engaged in sales of winter products, including ski equipment and snowboarding equipment, sales of golf products, as well as general sports products, including training and fitness equipment, camping and tracking equipment, casual wear, marine goods, tennis and table tennis rackets, and items for baseball and soccer. The other business provides credit card services and operation of fitness clubs, ski and golf courses.
ALPEN CO.,LTD. 
