Kanemi Co., Ltd. announces an Equity Buyback for 40,000 shares, representing 0.4% for ¥135.6 million.
December 18, 2016
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Kanemi Co., Ltd. (JASDAQ:2669) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.4% of its share capital, at ¥3,390 per share for ¥135.6 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of December 19, 2016, the company had 9,882,205 shares outstanding excluding treasury shares, and 117,795 shares in treasury.
Kanemi Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of bento boxes, sushi, rice balls, side dishes, among others. The Company operates through two business segments. The Tenant segment is involved in the production and sale of sushi and prepared dishes through general side dish shops, sushi specialty shops and western-style side dish shops opened in supermarkets and the other, as well as the operation of Japanese restaurants and sushi restaurants. The External Sale segment is involved in the manufacture and delivery of bento boxes, rice balls and prepared dishes for convenience store members.
KANEMI CO., LTD. 