Kato Sangyo Co., Ltd. announces an Equity Buyback for 1,100,100 shares, representing 3.09% for ¥3,467.52 million.
February 12, 2021 at 07:00 am
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Kato Sangyo Co., Ltd. (TSE:9869) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,100 shares, representing 3.09% of its issued share capital for a total of ¥3,467.52 million. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. The share repurchase program is valid until April 30, 2021. As of February 5, 2021, the company had 35,649,970 shares in issue (excluding treasury) and 2,503,145 shares in treasury.
KATO SANGYO CO., LTD. is a Japan-based company mainly engaged in the food wholesale business. The Company operates through four business segments. The Room-Temperature Distribution segment is engaged in the wholesale of processed foods and confectionery. It also manufactures and processes some of the products for sale. The Liquor Distribution segment is engaged in the wholesale of liquor. The Low-Temperature Distribution segment is engaged in the wholesale of low-temperature foods. The Overseas segment is engaged in the wholesale of processed foods. The Company is also engaged in the provision of logistics business, insurance agency business, restaurant franchise business, and the management and operation of some overseas affiliates.
KATO SANGYO CO., LTD. 
