Bestone.Com Co.,Ltd announces an Equity Buyback for 6,500 shares, representing 0.53% for ¥30 million.
March 12, 2019 at 01:30 am EDT
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Bestone.Com Co.,Ltd (TSE:6577) announces a share repurchase program. Under the program, the company will repurchase 6,500 shares, representing 0.53% of the outstanding shares for ¥30 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until May 10, 2019. As of March 12, 2019, the company had 1,234,400 shares outstanding and 7,000 shares in treasury.
Bestone.Com Co Ltd is a Japan-based company mainly engaged in the sale of passenger tickets and package tours of overseas and domestic cruises, mainly for individual customers. The Company provides travel products such as airline tickets, hotels, transfers and optional tours necessary for cruise trips to meet the needs of customers. The products and services are characterized by Internet sales, online reservation support, product lineup and application programming interface (API) integration.