Marusan-Ai Co., Ltd. announces an Equity Buyback for 15,000 shares, representing 0.65% for ¥42.42 million.
December 19, 2016
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Marusan-Ai Co., Ltd. (NSE:2551) announces a share repurchase program. Under the program, the company will repurchase up to 15,000 shares, representing 0.65% of its share capital, at ¥2,828 per share for ¥42.42 million in total. The company is repurchasing its shares through the Nagoya Stock Exchange off-hours treasury share trading (N-NET3). The company will repurchase its shares as part of a flexible capital policy in response to changes in the business environment. As of November 30, 2016, the company had 2,294,730 shares outstanding excluding treasury shares, and 1,446 shares in treasury.
MARUSAN-AI CO., LTD. is a food processing company mainly engaged in the manufacture and sale of soybean paste, soybean milk and other beverages. The Company operates in three business segments. The Soybean Paste segment is engaged in the development, manufacture and sale of soybean paste, including fresh soybean paste, prepared soybean paste, instant soybean paste, liquid soybean paste, as well as other related products. The Soybean Milk and Beverage segment is engaged in the development, manufacture and sale of soybean milk and beverages, as well as original equipment manufacturing (OEM) business. The Other Foods segment is engaged in the development, manufacture and sale of other food products, such as hot pot soup, chilled foods. The Company is also engaged in the provision of technical guidance and technology supply.
MARUSAN-AI CO., LTD. 
