SFP Holdings Co.,Ltd. announces an Equity Buyback for 300,000 shares, representing 1.02% for ¥600 million.
July 13, 2017 at 08:11 am
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SFP Holdings Co.,Ltd. (TSE:3198) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.02% of its outstanding shares, for a total of ¥600 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency. The shares purchased pursuant to the repurchase program will be retired. The repurchase program is valid till October 12, 2017. As of June 30, 2017, the company had 29,535,970 shares outstanding (excluding treasury shares) and 30 shares in treasury.
SFP Holdings Co., Ltd. is a Japan-based company mainly engaged in restaurants operation. The Company operates through two business segments. The Toriyoshi segment is engaged in the operation of special stores of fried chicken wings, such as Toriyoshi and Toriyoshi Shoten. Isomaru segment is engaged in the sale of fishes and shellfishes. The Company marks Toriyoshi and Isomaru as main business categories, operates Izakaya in directly chain-operated managed system. It operates in Aichi and Fukuoka prefectures with franchise method. It also operates a soba restaurant Nama Soba Tamagawa and a bar GonoGo.
SFP HOLDINGS CO., LTD. 
