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An announcement from TSI Holdings Co ( (JP:3608) ) is now available.
TSI Holdings has completed a share repurchase program authorized in April, buying 2,119,100 of its common shares on the Tokyo Stock Exchange for about ¥3.0 billion. This brings total issued shares outstanding to 56,970,397 excluding treasury stock, while total treasury shares now stand at 6,468,396, not counting those held under ESOP and board benefit trusts.
Of the repurchased shares, 630,000 are slated for disposal via third-party allotment in connection with the planned TSI Fashion Future Foundation, pending shareholder approval at the May 22 annual meeting. The remaining 1,489,100 shares are scheduled to be cancelled on January 29, 2027, a move that is expected to tighten the share count and potentially enhance capital efficiency for existing shareholders.
More about TSI Holdings Co
TSI Holdings Co., listed on the Tokyo Stock Exchange Prime Market, operates in the fashion and apparel industry and manages a portfolio of clothing and related lifestyle brands. The company focuses on enhancing shareholder value while supporting long-term initiatives such as employee incentives and industry-related foundations through active use of treasury shares.
Average Trading Volume: 527,717
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen74.46B
For detailed information about 3608 stock, go to TipRanks’ Stock Analysis page.