Ringer Hut Co. Ltd. announces an Equity Buyback for 550,000 shares, representing 2.57% for ¥1,278.75 million.
July 28, 2016 at 03:55 am EDT
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Ringer Hut Co. Ltd. (TSE:8200) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 2.57% of the shares outstanding, at ¥2,325 per share, for a total of ¥1,280 million. Shares will be purchased in the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment. As of July 27, 2016, the company had 21,366,496 shares outstanding and 701,476 shares in treasury.
RINGER HUT CO.,LTD. is a Japan-based company engaged in the operation of stores related to Nagasaki Champon and Tonkatsu, as well as the development of related business. The Company operates through three business segments. The Nagasaki Champon segment is engaged in expansion of the chain as a specialty store of Nagasaki Champon and sale of products about Ringer Hut brand. The Tonkatsu segment is engaged in expansion of the chain as a specialty store of Tonkatsu, manufacture and sale of pickles used and sold at the store. The Equipment Maintenance segment is mainly engaged in equipment maintenance for the group restaurant business.
RINGER HUT CO.,LTD. 
