SFP Holdings Co., Ltd. announces an Equity Buyback for 3,300,100 shares, representing 12.8% for ¥6,534.2 million.
July 20, 2023 at 04:00 am EDT
Share
SFP Holdings Co., Ltd. (TSE:3198) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,100 shares (since the number of shares tendered exceeded the number of shares planned to be purchased, and as a result of unit adjustments based on a pro rata basis, the total number of shares to be purchased in the Board of Directors' resolution is one unit (100 shares) added to the number of shares planned to be purchased), representing 12.8% of its share capital, for ¥6,534.2 million at a price of ¥1,980 per share. The company will repurchase its shares in order to improve equity efficiency and return profits to shareholders.
The share repurchase program will run until August 21, 2023. As of July 20, 2023, the company had 25,788,304 shares outstanding (excluding treasury shares) and 385 shares in treasury.
SFP Holdings Co., Ltd. is a Japan-based company mainly engaged in restaurants operation. The Company operates through two business segments. The Toriyoshi segment is engaged in the operation of special stores of fried chicken wings, such as Toriyoshi and Toriyoshi Shoten. Isomaru segment is engaged in the sale of fishes and shellfishes. The Company marks Toriyoshi and Isomaru as main business categories, operates Izakaya in directly chain-operated managed system. It operates in Aichi and Fukuoka prefectures with franchise method. It also operates a soba restaurant Nama Soba Tamagawa and a bar GonoGo.