Yamazaki Baking Co., Ltd. announces an Equity Buyback for 4,800,000 shares, representing 2.21% for ¥10,000 million.
February 12, 2021 at 01:00 am EST
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Yamazaki Baking Co., Ltd. (TSE:2212) announces a share repurchase program. Under the program, the company will repurchase 4,800,000 shares, representing 2.21% of the outstanding shares for ¥10,000 million. The purpose of the program is to return profits to shareholders and improve capital efficiency. The program will run until February 26, 2021. As of December 31, 2020, the company had 217,391,253 issued shares (excluding treasury stock) and 2,891,607 shares in treasury.
YAMAZAKI BAKING CO., LTD. is a Japan-based company mainly engaged in the food business. The Company operates in three business segments. The Food segment manufactures bread, Japanese and western confectionery and sells its products to family-operated retailers, mass retailers, convenience stores and other retailers. The segment is also involved in the manufacture and sale of bakery products, the operation of bakery cafes in both domestic and overseas markets. The Distribution segment is engaged in the operation of convenience stores and food supermarkets. The Others segment is engaged in the logistics business, the design, supervision and construction of food manufacturing facilities, the non-life insurance agency business, as well as the manufacture and sale of cleaning agents for baking equipment.
YAMAZAKI BAKING CO., LTD. 
