Kobe Bussan Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 6.82% for ¥3,000 million.
December 14, 2014
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Kobe Bussan Co., Ltd. (TSE:3038) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 6.82% of its share capital excluding treasury shares, for up to ¥3,000 million. The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment, increase net income per share by decreasing distributed shares and the total number of outstanding shares, and to further improve shareholder value.
The plan will expire on January 23, 2015. As of October 31, 2014, the company has 8,800,000 shares outstanding excluding treasury shares and 1,753,828 shares held in treasury.
KOBE BUSSAN CO., LTD. is a Japan-based company mainly engaged in the manufacture, wholesale and retail of food ingredients for business use, as well as the franchise (FC) business, the restaurant business and the renewable energy business. The Company operates in four business segments. The Gyomu Super segment is engaged in the planning, development and procurement of products as the FC headquarters of Gyomu Super, as well as the production of food ingredients for business use. The Kobe Cook segment is engaged in the operation of directly managed stores and FC stores. The Cook Innoventure segment is engaged in the brand-powered business in sushi, izakaya, yakiniku, fast food and restaurant business categories, as well as the development of new stores and FC stores. The Eco-renewable Energy segment is engaged in the power generation business that uses renewable energy. The Company is also engaged in the facilities rental business, tourism business and galleon business.
KOBE BUSSAN CO., LTD. 
