Kakiyasu Honten Co., Ltd. announces an Equity Buyback for 240,000 shares, representing 2.24% for ¥528 million.
November 09, 2017 at 06:30 am
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Kakiyasu Honten Co., Ltd. (JASDAQ:2294) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares, representing 2.24% of the outstanding shares for ¥528 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until November 30, 2017. As of October 31, 2017, the company had 10,706,073 shares outstanding and 1,710,627 shares in treasury.
Kakiyasu Honten Co., Ltd. is a Japan-based company which is engaged in the manufacture and sale of dressed meat, prepared food, shigure-cooking food (food boiled in soy sauce) and Japanese confectionery, as well as the operation of restaurants. It operates through five business segments. The Dressed Meat segment operates specialty stores selling beef, pork, poultry and meat processed products. The Prepared Food segment offers Western style and Chinese style food products and other prepared food in the department stores and specialty stores. The Food Product segment is engaged in the provision of shigure-cooking food and farm fresh gifts. The Japanese Confectionery segment provides bean cakes and Japanese confectionery. The Restaurant segment is engaged in the operation of restaurants offering Japanese and Chinese style food.
KAKIYASU HONTEN CO., LTD. 
