Chubu Shiryo Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 0.99% for ¥500 million.
November 20, 2019 at 01:30 am EST
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Chubu Shiryo Co., Ltd. (TSE:2053) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 0.99% of the outstanding shares for ¥500 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy. The program will run until March 31, 2020. As of September 30, 2019, the company had 30,317,116 shares outstanding and 54,792 shares in treasury.
CHUBUSHIRYO CO., LTD. is a Japan-based company mainly engaged in the fodder business. The Company operates in two business segments. The Fodder segment is engaged in the manufacture and sale of livestock feed products. The Consumer and Products segment is involved in the commissioned production, purchase and sale of animal products, as well as the manufacture and sale of pet food. The others business is engaged in the leasing of real estate properties of old factory site, the manufacture and sale of formula fertilizers, the processing and sale of animal products, the development, purchase and sale of livestock equipment, as well as non-life insurance agency business and other businesses.
CHUBU SHIRYO CO., LTD. 
