Kanemi Co., Ltd. announces an Equity Buyback for 180,000 shares, representing 1.83% for ¥538.2 million.
April 22, 2019 at 03:30 am EDT
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Kanemi Co., Ltd. (JASDAQ:2669) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 1.83% of its share capital, at ¥2,990 per share for ¥538.2 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of April 22, 2019, the company had 9,848,667 shares outstanding (excluding treasury shares) and 151,333 shares in treasury.
Kanemi Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of bento boxes, sushi, rice balls, side dishes, among others. The Company operates through two business segments. The Tenant segment is involved in the production and sale of sushi and prepared dishes through general side dish shops, sushi specialty shops and western-style side dish shops opened in supermarkets and the other, as well as the operation of Japanese restaurants and sushi restaurants. The External Sale segment is involved in the manufacture and delivery of bento boxes, rice balls and prepared dishes for convenience store members.
KANEMI CO., LTD. 
