Balnibarbi Co.,Ltd. announces an Equity Buyback for 80,000 shares, representing 0.93% for ¥84.08 million.
December 21, 2020 at 12:30 pm IST
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Balnibarbi Co.,Ltd. (TSE:3418) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.93% of the outstanding shares for ¥84.08 million. The shares will be purchased at a price of ¥1,051 per share. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 22, 2020. As of November 30, 2020, the company had 8,615,542 shares outstanding and 90,738 shares in treasury.
BALNIBARBI Co., Ltd. is a Japan-based company mainly engaged in the operation of restaurants. The Company operates restaurants, cafes, and bars designed and developed by the company, the sweets shop that sells roll cakes, manages restaurants for health-conscious customers represented by athletes, operates Kikusui, a ryokan with a 60-year history, and conducts other businesses such as consulting for planning restaurants and area development.