Seihyo Company Ltd. closed an Equity Buyback in the amount of ¥25.03 mm
February 20, 2013 at 11:00 pm EST
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The Board of Directors of Seihyo Company Ltd. (TSE:2872) authorized a share repurchase program on January 11, 2013. Under the program, the company will repurchase up to 150,000 shares, representing 3.52% of the total number of outstanding shares excluding treasury shares. The repurchase will amount to ¥40 million. The purpose of the program is to implement a flexible capital policy corresponding to the changes in the business environment. The repurchases will commence on January 15, 2013, and will end on February 21, 2013. As of November 30, 2012, the company had 4,257,222 shares outstanding excluding treasury shares and had 63,588 shares in treasury.
Seihyo Company Ltd. completed the share repurchase program on February 21, 2013. Under the program, the company has repurchased 150,000 shares, representing 3.52% for ¥25.03 million.
SEIHYO Co., Ltd. is a Japan-based company mainly engaged in the production, purchase and sale of ice cream products, Japanese-style confectioneries and other frozen food. The Frozen Food Manufacturing segment is engaged in the production and sale of various shaved ice bars, frozen desserts and ice products under the brand name of Momotaro, Kintaro and Momoechan, ice cream products such as vanilla ice creams and chocolate ice creams, frozen Japanese-style confectioneries such as frozen bamboo dumplings, frozen fruits such as frozen beans and frozen tangerines, as well as vanilla ice, sherbet, candy ice and cup ice products. The Company is also engaged in the freezing storage business through freezing warehouses.