Hayashikane Sangyo Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 2.25% for ¥90 million.
February 12, 2021 at 01:00 am EST
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Hayashikane Sangyo Co.,Ltd. (TSE:2286) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.25% of the outstanding shares for ¥90 million. The purpose of the acquisition is to acquire treasury stock for the purpose of returning profits to shareholders, improving capital efficiency, and implementing agile capital policies in response to future changes in the business environment. The program will run until August 13, 2021. As of January 31, 2021, the company had 8,903,105 issued shares (excluding treasury stock) and 6,895 shares in treasury.
Hayashikane Sangyo Co., Ltd. is a company mainly engaged in the manufacture and sale of food products and feed. The Company operates in four business segments. The Marine Food segment is engaged in the manufacture and sale of fish paste products and functional foods. The Livestock Food segment is engaged in the manufacture and sale of processed food products, including pork and other animal products. The Feed segment is engaged in the manufacture and sale of assorted feed for livestock, poultry livestock and fish, as well as the manufacture, processing and sale of marine products. The Others segment is involved in the leasing of old production factories, the provision of storage services of raw materials and products, as well as the information processing business.
HAYASHIKANE SANGYO CO.,LTD. 
