Kaneko Seeds Co., Ltd. announces an Equity Buyback for 130,000 shares, representing 1.12% for ¥200 million.
January 20, 2023 at 02:00 am EST
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Kaneko Seeds Co., Ltd. (TSE:1376) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.12% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to implement a flexible capital policy and enhance shareholder returns.
The repurchase program is valid till May 24, 2023. As of December 31, 2022, the company had 11,640,949 shares outstanding (excluding treasury shares) and had 131,677 shares in treasury.
KANEKO SEEDS CO., LTD. is a Japan-based company mainly engaged in the sale of seedlings, gardening products, agrochemicals and agricultural facilities, as well as the design and construction of hydroponic culture plants, greenhouses and gardens. The Company operates in four business segments. The Seedling segment is engaged in the contract production, purchase and sale of vegetable seeds, pasture seeds, virus-free seedlings and seeds, and the design and construction of landscaping work. The Flower Growing segment is engaged in the production and sale of flower seeds and seedlings, as well as the purchase and sale of gardening products. The Agricultural Material segment is involved in the purchase and sale of agrochemicals and others. The Facility segment is engaged in the provision of agricultural facilities, as well as the development and sale of hydroponic culture plants and greenhouses.
KANEKO SEEDS CO., LTD. 
