Kikkoman Corporation announces an Equity Buyback for 2,200,000 shares, representing 1.15% for ¥10,000 million.
April 26, 2021 at 11:00 pm EDT
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Kikkoman Corporation (TSE:2801) announces a share repurchase program. Under the program, the company will repurchase 2,200,000 shares, representing 1.15% of the outstanding shares for ¥10,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2022. As of March 31, 2021, the company had 192,030,868 shares outstanding and 1,852,334 shares in treasury.
Kikkoman Corporation is a holding company organized around 4 areas of activity:
- wholesale distribution of food products (50.7% of net sales): activity ensured internationally;
- sale of food products in Japan (28.2%): ketchup, soya sauce, soya milk, tomato juice, wines, seasonings, etc. (brand Del Monte);
- sale of food products internationally (19.5%): tinned fruits, ketchup, soya sauce, tinned maize, dietetic products, etc. (brand Del Monte);
- other (1.6%): manufacturing of clinical diagnosis reagents, enzymes and chemical products, real estate leasing, logistic services, etc.
70.2% of sales are abroad.
KIKKOMAN CORPORATION 
