Tranche Update on Satoh & Co., Ltd.'s Equity Buyback Plan announced on November 11, 2021.
December 14, 2021 at 01:00 am EST
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From November 11, 2021 to December 13, 2021, the company has repurchased 600,000 shares, representing 6.71% for ¥810 million. With this, the company has completed the repurchase of 600,000 shares, representing 6.71% for ¥810 million under the buyback announced on November 11, 2021.
Satoh&Co.,Ltd. is a Japan-based company principally engaged in the food wholesale and retail business. The Company operates in two business segments. The Wholesale segment is engaged in the wholesale and delivery of confectionery and bakery ingredients, school lunch ingredients, food ingredients for hotels and restaurants, as well as prepared food products for retailers. The Retailing segment is engaged in the sale of cooked and frozen food and other commercial food products for individual and general consumers through the commercial food direct sales centers. The Company is also engaged in the processing and sale of meat products, the inspection of food and water quality, the planning, development and sale of menu database and information systems, as well as the provision of contracted logistics services for commercial food.