Hachi-Ban Co., Ltd. announces an Equity Buyback for 45,000 shares, representing 1.51% for ¥139.73 million.
January 30, 2020 at 02:30 am EST
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Hachi-Ban Co., Ltd. (JASDAQ:9950) announces a share repurchase program. Under the program, the company will repurchase 45,000 shares, representing 1.51% of its share capital, at ¥3,105 per share for ¥139.73 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of January 29, 2020, the company had 2,980,795 shares outstanding (excluding treasury shares) and 87,316 shares in treasury.
HACHI-BAN CO., LTD. is a Japan-based company mainly engaged in the restaurant business. The Company operates in three business segments. The Restaurant segment manufactures raw Chinese noodles, ramen sauce and frozen dumplings, manages the Hachi-ban Ramen franchise chain headquarters, and operates ramen shops and Japanese restaurants. The External Sales segment sells Chinese raw noodle products and raw frozen dumplings. The Overseas segment conducts the import and export and sales of food based on restaurant franchise chain area licensing agreements outside Japan.
HACHI-BAN CO., LTD. 
