Ebara Foods Industry, Inc. announces an Equity Buyback for 380,000 shares, representing 3.66% for ¥849.68 million.
August 05, 2020 at 03:30 am EDT
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Ebara Foods Industry, Inc. (TSE:2819) announces a share repurchase program. Under the program, the company will repurchase 380,000 shares, representing 3.66% of its share capital, at ¥2,236 per share for ¥849.68 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2020, the company had 10,371,651 shares outstanding (excluding treasury shares) and 97,059 shares in treasury.
EBARA Foods Industry, Inc. is a food manufacturing company. The Food segment is engaged in the manufacture and sale of sauce for various meat, such as barbecued meat sauce and chicken sauce; sauce for stew, such as Korean pickled cabbage hot pot sauce, and sauce for vegetables, such as pickle sauce, as well as the manufacture and sale of other food, including curry flakes, konjac and seaweed salads. The segment also involves in the manufacture and sale of soup, such chicken-bone soup and noodle soup. The others business is engaged in the advertising business, temporary staffing business, the operation of warehousing and cargo transportation businesses.
EBARA FOODS INDUSTRY,INC. 
