Zensho Holdings Co., Ltd. (TSE:7550) announces a share repurchase program. Under the program, the company will repurchase 1,130,000 shares, representing 0.74% of its share capital, for ¥8,500 million. The shares will be repurchased at a price of ¥6,604 per share.
The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of June 30, 2023, the company had 151,822,093 shares outstanding (excluding treasury shares) and 3,040,732 shares in treasury.
ZENSHO HOLDINGS CO.,LTD. is a Japan-based company primarily engaged in the restaurant business. The Company operates in two business segments. The Restaurant segment is mainly engaged in the operation of restaurants, management of restaurants, manufacture and sale of soy sauce and seasonings, sale of frozen pizzas, as well as nationwide delivery of ingredients. The Retail segment is engaged in the operation of supermarkets and sale of fruit and vegetables.
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