Kisoji Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.16% for ¥800.7 million.
February 14, 2018 at 03:30 am EST
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Kisoji Co., Ltd. (TSE:8160) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.16% of its share capital, at ¥2,669 per share for ¥800.7 million. The company will repurchase its shares in order to return profits to all shareholders, aside from aiming to improve capital efficiency and implement a flexible capital policy which responds to changes in the business environment. As of January 31, 2018, the company had 25,834,505 shares outstanding (excluding treasury shares) and 79,384 shares in treasury.
KISOJI CO.,LTD. is mainly engaged in the restaurant business. The Company operates in six business divisions. The Kisoji division operates restaurants, which offer shabushabu (sliced beef boiled with vegetables) and Japanese foods. The Sozaiya division operates Izakaya (Japanese-style bars). The Suzu Noren division operates Japanese restaurants. The Torikaku division operates restaurants serving chicken dishes. The Janjantei division operates barbecue restaurants. The Others segment is involved in the operation of wine canteen under the name Uno, the sale of Shigure clam, as well as the leasing of real estate.