Y. S. Food Co., Ltd. closed an Equity Buyback in the amount of ¥17.89 mm
February 26, 2013 at 04:00 am
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The Board of Directors of Y. S. Food Co., Ltd. (JASDAQ:3358) authorized a share repurchase program on February 25, 2013. Under the program, the company will repurchase up to 1,132 shares, representing 3.03% of its outstanding share capital, at a price of ¥15,810 per share, for a total of ¥17.89 million. The company will make the purchase order in the Osaka Securities Exchange J-NET market. The purpose of the program is to pursue a dynamic capital strategy responsive to changes in the business environment. The repurchase program is in accordance with article 156 in lieu of article 165, section 3 of the Companies Act. The repurchase will take place on February 26, 2013. As of February 25, 2013, the company has 37,330 shares outstanding excluding treasury shares and has 1,400 shares in treasury.
Y. S. Food Co., Ltd. completed its share repurchase program on February 26, 2013.
Y.S.FOOD CO., LTD. is a company principally engaged in the operation of restaurant chains. The Company operates in four business segments. The Restaurant segment is engaged in the operation of restaurants that specialize in noodle restaurants, dumplings and roast pork. It operates its restaurants, both direct-managed and franchised restaurants, under the names Chikuho Ramen Yamagoya, Basaraka and other brands. The Real Estate Leasing segment is involved in the leasing of the Company's real estate properties with a focus on store sites. The External Sales segment is involved in the manufacture and sale of ramen and other products, as well as the retail business through Internet sales sites and other dealers, such as drug stores and duty-free stores. The Beauty and Health segment is engaged in the operation of fasting studios. The Company is also involved in the sale of kitchen equipment in its franchised stores.