Riken Vitamin Co., Ltd. announces an Equity Buyback for 3,000,000 shares, representing 9.14% for ¥7,713 million.
February 28, 2024 at 08:00 am
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Cerespo Co., Ltd. (TSE:9625) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 9.14% of its issued share capital, for ¥7713 million. The repurchase price will be ¥2,571 per share.
The purpose of the program is dissolution of the alliance with Kikkoman and to improve capital efficiency. As of November 31, 2023, the company had 32,829,684 shares (excluding treasury stock) and 875,416 shares in treasury.
RIKEN VITAMIN CO., LTD. is a Japan-based food processing company. The Company operates its business through three segments. The Domestic Food segment is primarily engaged in the manufacture and sale of household food products, commercial food products and raw materials for food processing, including seaweed products, dressings, food extracts and seasonings, food improving agents, vitamin and health food. The Domestic Chemicals and Others segment is mainly engaged in the manufacture and sale of chemical improving agents and animal feed additives. The Overseas segment is mainly engaged in the manufacture and sale of improving agents for food and chemical products, as well as processed marine products and frozen vegetables. The Company distributes its products in Japan, Southeast Asia, South Asia, the Middle East, Oceania, Europe, Africa, the North America, Latin America, China, Taiwan and South Korea, among others.
