Hachi-Ban Co., Ltd.'s Equity Buyback in the amount of ¥68.2 mm has expired
January 24, 2013 at 11:00 pm EST
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The Board of Directors of Hachi-Ban Co. Ltd. (JASDAQ:9950) authorized a share repurchase program on January 24, 2013. Under the program, the company will repurchase up to 200,000 shares, representing 1.37% of its outstanding shares at a price of ¥341 per share for ¥68.2 million. The shares will be repurchased on the Osaka Securities Exchange's J-Net market. The purpose of the program is to pursue a dynamic capital strategy responsive to the changes in the business environment. The repurchases will be pursuant to Article 165 clause 2 of Corporate Law. The repurchases will be made on January 25, 2013. As of January 24, 2013, the company has 14,646,639 outstanding shares excluding treasury and 1,393,919 shares in treasury.
Hachi-Ban Co. Ltd's share repurchase program expired on January 25, 2013. Under the plan, the company repurchased 152,000 shares, representing 1.04% of its outstanding shares at a price of ¥341 per share for ¥51.83 million.
HACHI-BAN CO., LTD. is a Japan-based company mainly engaged in the restaurant business. The Company operates in three business segments. The Restaurant segment manufactures raw Chinese noodles, ramen sauce and frozen dumplings, manages the Hachi-ban Ramen franchise chain headquarters, and operates ramen shops and Japanese restaurants. The External Sales segment sells Chinese raw noodle products and raw frozen dumplings. The Overseas segment conducts the import and export and sales of food based on restaurant franchise chain area licensing agreements outside Japan.
HACHI-BAN CO., LTD. 
