Shokubun Co., Ltd announces an Equity Buyback for 1,900,000 shares, representing 16.59% for ¥1,000 million.
March 13, 2015
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Shokubun Co., Ltd (TSE:9969) announces a share repurchase program. Under the program, the company will repurchase up to 1,900,000 shares, representing 16.59% of its share capital at a price of ¥500 per share for ¥1,000 million. The shares will be repurchased through the off-auction own share repurchase method on the Tokyo Stock Exchange (ToSTNeT-3).
The purpose of the program is to enhance the capital efficiency and to enable the implementation of a flexible capital policy corresponding to the changes in the business environment. As of February 28, 2015, the company had 11,452,489 outstanding shares excluding treasury shares and 404,180 shares in treasury.
SHOKUBUN CO., LTD. is mainly engaged in the home delivery of dinner materials to general family, as well as the food materials sale to franchised companies and other companies. In its food sale business the Company provides services such as home delivery of dinner materials and sales of business-use foodstuffs, and provides menu planning and management guidance to franchise (FC) member companies. It provides its food materials in the Chubu area, Kansai area, Kyoto area and Osaka area. In its Food Research Study and Wholesale business, the Company is involved in the research and study of food and food-related issues, mail-order sale of food materials, as well as the wholesale of food products, household products, gifts and novelty products. In the sale of nursing care food and the commissioning of cooking, the Company sells nursing care food to nursing care facilities.
SHOKUBUN CO., LTD. 
