Beauty Kadan Co., Ltd. closed an Equity Buyback in the amount of ¥31.06 mm
May 24, 2013 at 12:00 am EDT
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The Board of Directors of Beauty Kadan Co., Ltd. (TSE:3041) authorized a share repurchase program on April 18, 2013. Under the program, the company will repurchase up to 500 shares, representing 2.27% of its issued share capital, for a total cost of up to ¥40 million. The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment and further promote the profit returns to shareholders. The plan will commence on April 19, 2013 and will continue until September 30, 2013. As of April 18, 2013, the company has 22,030 shares outstanding and 3,350 shares held in treasury.
Beauty Kadan Co., Ltd. completed its share repurchase program on May 24, 2013. Under the plan, the company has repurchased 500 shares, representing 2.27% for ¥31.06 million.
Beauty Kadan Holdings Co Ltd, formerly Beauty Kadan Co Ltd, is mainly engaged in flower arrangements business for ceremonial occasions. The Company operates in three business segments. The Ikebana Altar segment is engaged in the production and sale of funeral-related products to funeral-related companies, including funeral services such as flower arrangement altars and offerings. The Ikebana Wholesale segment is engaged in the purchase of products suitable for customer needs, as well as the sale of flowers to funeral-related corporate customers and flower shops. The Bridal Flower Arranging segment is engaged in the production and sale of products for weddings, such as table flowers and bouquets. The Company is also engaged in system development business that sells, commissions, designs, and manufactures various systems, and funeral consulting business provides plan and consulting services for ceremonial occasions, as well as employment continuation support and agriculture business.
BEAUTY KADAN HOLDINGS CO., LTD. 