KUZE Co., Ltd announces an Equity Buyback for 110,000 shares, representing 2.89% for ¥99.88 million.
February 13, 2017
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KUZE Co., Ltd (JASDAQ:2708) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 2.89% of its share capital, at ¥908 per share for ¥99.88 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of January 31, 2017, the company had 3,807,327 shares outstanding (excluding treasury shares), and 75,173 shares in treasury.
KUZE CO., LTD. is a Japan-based company mainly engaged in the wholesale of food and related materials. The Company operates in three business segments. The Food Wholesale segment is engaged in the sale of foodstuffs and materials such as frozen food for business use, refrigerated food, fresh food to the food service industry. The Food Manufacturing segment manufactures and sells commercial soups, sauces and bouillon products. The Real Estate Leasing segment is engaged in the leasing of real estate properties.
KUZE CO., LTD. 