Ohmoriya Co.,Ltd. announces an Equity Buyback for 10,000 shares, representing 0.2% for ¥7.49 million.
November 11, 2020 at 07:30 am
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Ohmoriya Co.,Ltd. (JASDAQ:2917) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.20% of its outstanding shares for ¥7.49 million. The shares will be repurchased at a purchase price of ¥749 per share. The purpose of the program is to enable agile capital policy in response to changes in the business environment. The program will expire on November 12, 2020. As of September 30, 2020, the company had 5,071,557 shares outstanding and 26,539 shares in treasury.
OHMORIYA Co., LTD. is a Japan-based company mainly engaged in the food production and sale business covering all food products mainly including seaweed, as well as the real estate leasing business. The Food Production and Sale segment is mainly engaged in the manufacture and sale of commercial laver products such as home laver, advanced products and sprinkles, both in Japan and overseas. Main products include seasoned laver, grilled laver, sprinkle, ochazuke, soup, among others.