Ringer Hut Co.,Ltd. announces an Equity Buyback for 600,000 shares, representing 2.34% for ¥1,425 million.
July 12, 2018 at 03:30 am EDT
Share
Ringer Hut Co.,Ltd. (TSE:8200) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 2.34% of the outstanding shares, at ¥2,375 per share for ¥1,425 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of July 11, 2018, the company had 25,665,849 shares outstanding and 402,123 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. 
