AP Company Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 2.04% for ¥260 million.
November 17, 2015 at 04:34 am EST
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AP Company Co., Ltd. (TSE:3175) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 2.04% of its total shares, for a total of up to ¥260 million. The purpose of the plan is to enhance capital efficiency, implement a flexible capital policy corresponding to changes in the business environment, and improve shareholder returns.
The share repurchase program is valid until December 25, 2015. As of September 30, 2015, the company has 7,352,665 shares outstanding (treasury shares excluded) and 75,185 shares in treasury.
AP Holdings Co Ltd, formerly AP Company Co Ltd, is a Japan-based company mainly engaged in the manufacture, distribution and sale of chickens, fishes and other food products by production and distribution directly connected model. The Company operates in two business segments. The Production and Distribution segment is involved in the selection, production, processing and sale of ingredients through local subsidiaries, and the provision of distribution solutions such as distribution costs, freshness, surplus parts and store delivery frequency, as well as the food and beverage distribution business, the production and processing of local chickens and fresh fishes, the trading and sale of fruits and vegetables, and the operation of poultry farms and ranches. The Sales segment is involved in the sale of branded products through creating brand stories, as well as the operation of restaurants and licensed stores.
AP HOLDINGS CO.,LTD. 
