Uoriki Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 1.79% for ¥350 million.
May 05, 2016
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Uoriki Co., Ltd. (TSE:7596) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.79% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the repurchase program is to distribute stable dividends with the goal of 50% payout ratio as the basic positive shareholder return policy of the company’s dividend policy and to carry out the acquisition of owns shares in accordance to the basic policy concerned, while considering financial status and share value trends. The share repurchase program is valid until April 28, 2017. As of April 30, 2016, the company had 13,987,337 shares outstanding excluding treasury shares and had 632,663 shares in treasury.
UORIKI CO., LTD. is a Japan-based company mainly engaged in the retail business of fresh fish and sushi, wholesale business of fishery products such as fresh fish, as well as food and beverage business. The Company operates through three business segments. The Retail segment is involved in the sale of fresh fish and sushi to general consumers mainly in metropolitan area station buildings, department stores and supermarkets. The Restaurant segment is involved in the operation of sushi restaurants, seafood izakaya and a new business category named Fishoku Shokudo. The Wholesale segment is involved in the sale of products to food supermarkets, local consignees, restaurants, and other domestic and overseas trading companies. The Company is also involved in the tenant business.
UORIKI CO., LTD. 