Pharma Foods International Co., Ltd. announces an Equity Buyback for 120,000 shares, representing 0.41% for ¥300 million.
September 06, 2021 at 02:00 am EDT
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Pharma Foods International Co., Ltd. (TSE:2929) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares of common stock, representing 0.41% of its issued capital for ¥300 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The share repurchase program is valid until September 21, 2021.
Pharma Foods International Co., Ltd. is a Japan-based company mainly engaged in mail order business and functional materials business. The Company operates through three business segments. The Mail Order segment is engaged in the sale of supplement Tamagosamin, cosmetics Pearl Skin Lanchel and Derma QII Mild Peeling Gel, through advertising media such as televisions and radios. The Functional Materials segment is engaged in the development and sale of functional materials such as GABA, Bonepep, Folic Acid eggs and Chicken Egg Antibody. The Company is also engaged in the planning and sale of original equipment manufacturer (OEM) products such as supplements and beverages. The Biomedical segment is engaged in the antibody contract manufacture business for drug discovery and diagnostics, and life science information (LSI) business for analysis and efficacy evaluation test of materials and products.
PHARMA FOODS INTERNATIONAL CO., LTD. 
