Saizeriya Co.,Ltd. announces an Equity Buyback for 500,000 shares, representing 1.01% for ¥1,000 million.
January 09, 2019 at 01:39 am
Share
Saizeriya Co.,Ltd. (TSE:7581) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.01% of its issued share capital for ¥1,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will be valid through February 21, 2019. As of December 31, 2018, the company had 49,370,531 shares outstanding and 2,901,811 shares in treasury.
Saizeriya Co Ltd is a Japan-based company primarily involved in the restaurant business. The Company operates in three segments. The Japan segment is engaged in the operation of Italian wine and cafe restaurants under the name Saizeriya, as well as fast food restaurants under the name Spaghetti Mariano. The Company conducts the manufacture and distribution of food ingredients in domestic factories. The Australia segment is engaged in the manufacture of food ingredients. The Asia segment operates restaurants under the name Saizeriya in Shanghai, Guangzhou, Beijing, Hongkong, Singapore.
SAIZERIYA CO.,LTD. 
