Kanemi Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.51% for ¥180 million.
March 16, 2017 at 02:00 am EDT
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Kanemi Co., Ltd. (JASDAQ:2669) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.51% of the outstanding shares for ¥180 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until June 30, 2017. As of February 28, 2017, the company had 9,843,425 shares outstanding and 156,575 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. 