Maruzen Co., Ltd. announces an Equity Buyback for 2,501,000 shares, representing 12.64% for ¥2,713.59 million.
June 01, 2017 at 03:01 am EDT
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Maruzen Co., Ltd. (TSE:5982) announces a share repurchase program. Under the program, the company will repurchase up to 2,501,000 shares, representing 12.64% of its common stock for a total of ¥2,713.59 million. The program will expire on July 31, 2017. As of June 1, 2017, the company had 19,780,000 shares outstanding (excluding treasury shares) and 1,109,270 shares in treasury.
MARUZEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of commercial kitchen equipment. The Company operates through three business segments. The Commercial Kitchen Equipment Manufacturing and Sales segment manufactures, purchases and sells commercial kitchen equipment. The Bakery Equipment Manufacturing and Sales segment manufactures, sells and maintains bakery equipment such as bakery factories. The Building Leasing segment leases buildings such as business hotels and nursing care-type nursing homes.
MARUZEN CO., LTD. 
