Ajinomoto Co., Inc. announces an Equity Buyback for 25,000,000 shares, representing 4.55% for ¥40,000 million.
May 10, 2021 at 02:00 am EDT
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Ajinomoto Co., Inc. (TSE:2802) announces a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares, representing 4.55% of its share capital, for ¥40,000 million. The company will repurchase its shares in order to improve the level of shareholder returns and capital efficiency. The shares repurchased will be cancelled. The share repurchase program will run until January 31, 2022. As of March 31, 2021, the company had 549,059,496 shares outstanding (excluding treasury shares) and 103,858 shares in treasury.
Ajinomoto Co., Inc. specializes in the production and marketing of food and pharmaceutical products. Net sales break down by activity as follows:
- sale of food products (57%): seasonings (brands AJI-No-Moto and Hon-Dashi), mayonnaise (Pure Select), instant noodles, beverages, etc.;
- sale of frozen products (19.7%);
- other (23.3%).
AJINOMOTO CO., INC. 
