S&B Foods, Inc. announces an Equity Buyback for 230,000 shares, representing 3.5% for ¥1,143.1 million.
November 17, 2016 at 02:23 am EST
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S&B Foods, Inc. (TSE:2805) announces a share repurchase program. Under the program, the company will repurchase up to 230,000 shares, representing 3.5% of its issued share capital, at a price of ¥4,970 per share for a total of ¥1,143.1 million. Repurchases will be made through ToSTNeT-3. The purpose of the program is to enhance capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of September 30, 2016, the company had 6,578,434 shares outstanding and 398,683 shares in treasury.
S&B FOODS INC. is a Japan-based company mainly engaged in the manufacture, processing and distribution of foodstuffs, with a focus on manufacturing and processing food products that use spices as raw materials. The Company operates in two business segments. The Foodstuff segment is involved in the production and sale of various spices and condiments, instant curry, tube products, retort curry and others, as well as the procurement of related raw materials. The Cooked Food segment is engaged in the manufacture and sale of cooked food.
S&B FOODS INC. 
