Iwatsuka Confectionery Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 1.4% for ¥273.2 million.
August 22, 2016
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Iwatsuka Confectionery Co., Ltd. (JASDAQ:2221) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 1.4% of the outstanding shares at ¥3,145 per share for ¥273.2 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of June 30, 2016, the company had 5,706,737 shares outstanding and 288,263 shares in treasury.
IWATSUKA CONFECTIONERY CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of rice crackers. Through its subsidiaries, the Company is involved in the sale of agricultural products and processed agricultural products, the manufacture and sale of Karinto, the import of food, as well as the import and sale of rice crackers. The Companyâs main products include Kuromame Senbei, Aji Shirabe, Inakano Okaki Series, Otonano Otsumami series, Fuwatto Series, kinako mochi, Niigata Nure Senbei, Niigata Nure Okaki, Ganbare! Yasai Kazoku, Okosama Senbei, among others.
IWATSUKA CONFECTIONERY CO., LTD. 