Ebara Foods Industry,Inc. announces an Equity Buyback for 400,000 shares, representing 4.03% for ¥1,000 million.
December 13, 2021 at 01:15 am
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Ebara Foods Industry,Inc. (TSE:2819) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 4.03% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment and improve shareholder profits and capital efficiency. The program will run until November 30, 2022. As of November 30, 2021, the company had 9,920,352 shares in issue (excluding treasury stock) and 548,358 shares in treasury.
EBARA Foods Industry, Inc. is a food manufacturing company. The Food segment is engaged in the manufacture and sale of sauce for various meat, such as barbecued meat sauce and chicken sauce; sauce for stew, such as Korean pickled cabbage hot pot sauce, and sauce for vegetables, such as pickle sauce, as well as the manufacture and sale of other food, including curry flakes, konjac and seaweed salads. The segment also involves in the manufacture and sale of soup, such chicken-bone soup and noodle soup. The others business is engaged in the advertising business, temporary staffing business, the operation of warehousing and cargo transportation businesses.
EBARA FOODS INDUSTRY,INC. 
