SFP Holdings Co., Ltd. announces an Equity Buyback for 3,767,600 shares, representing 13.08% for ¥7,681.31 million.
October 13, 2017 at 02:00 am EDT
Share
SFP Holdings Co., Ltd. (TSE:3198) announces a share repurchase program. Under the program, the company will repurchase up to 353,300 shares, representing 1.2% of its share capital, for ¥706.6 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency. The share repurchase program will run until December 28, 2017. As of October 31, 2017, the company had 29,324,270 shares outstanding (excluding treasury shares) and 0 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.
SFP HOLDINGS CO., LTD. 
