G.taste Co.,Ltd. announces an Equity Buyback for 8,000,000 shares, representing 4.75% for ¥1,000 million.
May 13, 2014
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G.taste Co.,Ltd. (JASDAQ:2694) announces a share repurchase program. Under the program, the company will repurchase 8,000,000 shares, representing 4.75% of total shares outstanding, for up to ¥1,000 million. The purpose of the program is to improve the capital efficiency and to implement a flexible capital policy corresponding to the changes in the business environment.
The program will run till July 15, 2014. As of March 31, 2014, the company has 168,366,978 outstanding shares excluding treasury and 2,416 shares in treasury.
Yakiniku Sakai Holdings Inc, formerly G.taste Co Ltd, is a Japan-based company mainly engaged in the operation of restaurants. The Company is engaged in the operation of chain stores named Heiroku Sush, Toriaezu Gohei, Murasaki, Yakinikuya Sakai, Nikusho Sakai, Omuraisutei, Nagasaki chan men and others, as well as the sale of products to franchisees operating under the same names. The Company is also engaged in the operation of restaurants named TONKOU, a Chinese restaurant; Shabu-Shabu Shimizu, a shabu-shabu restaurant; TEN.FOUR, a pizza manufacturing, home delivery and over-the-counter sales store; Kabenoana, an Italian restaurant; Shichifuku, a sushi and seafood izakaya restaurant; World Gourmet Junction, a food court; Dominique Buschet Tokyo and Le Copan de Dominique Busche, which are French restaurants.
YAKINIKU SAKAI HOLDINGS INC. 