Tranche Update on TOKYO BASE Co.,Ltd.'s Equity Buyback Plan announced on November 13, 2020.
November 15, 2020 at 09:00 pm EST
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From November 13, 2020 to November 16, 2020, the company has repurchased 5,000,000 shares, representing 10.53% for ¥2,560 million. With this, the company has completed the repurchase of 5,000,000 shares, representing 10.53% for ¥2,560 million under the buyback announced on November 13, 2020.
Tokyo Base Co Ltd is engaged in the retail of clothing, personal items, and miscellaneous goods. The Company provides two kind of products. The brand products include the products purchased by the Companyâs buyers from Japanese local fashion brands. The original products are sold by the person in charge of product planning as original products in cooperation with domestic sewing manufacturers. Incorporating the opinions of the store staffs who interact with customers at the store, the prototype is produced. The Companyâs products are divided into three types: those for STUDIOUS stores, those for UNITED TOKYO stores, and those for PUBLIC TOKYO stores. The actual store sales are operated in Harajuku, Tokyo and Minamihorie, Osaka in Japan, as well as Hong Kong and mainland China. The Internet sales are operated through its own directly managed Websites such as STUDIOUS ONLINE STORE, UNITED TOKYO ONLINE STORE, PUBLIC TOKYO ONLINE STORE, and the online mall ZOZOTOWN.