Kakiyasu Honten Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 1.83% for ¥372.6 million.
July 19, 2016
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Kakiyasu Honten Co., Ltd. (JASDAQ:2294) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.83% of the shares outstanding excluding treasury shares, at a price of ¥1,863 per share, for a total of ¥372.6 million. The company will make purchase orders in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose behind the program is to accomplish a mobile capital policy corresponding to the change in the business environment. As of June 30, 2016, the company had 10,906,073 shares outstanding excluding treasury shares and had 1,540,627 shares in treasury.
Kakiyasu Honten Co., Ltd. is a Japan-based company which is engaged in the manufacture and sale of dressed meat, prepared food, shigure-cooking food (food boiled in soy sauce) and Japanese confectionery, as well as the operation of restaurants. It operates through five business segments. The Dressed Meat segment operates specialty stores selling beef, pork, poultry and meat processed products. The Prepared Food segment offers Western style and Chinese style food products and other prepared food in the department stores and specialty stores. The Food Product segment is engaged in the provision of shigure-cooking food and farm fresh gifts. The Japanese Confectionery segment provides bean cakes and Japanese confectionery. The Restaurant segment is engaged in the operation of restaurants offering Japanese and Chinese style food.
KAKIYASU HONTEN CO., LTD. 