Balnibarbi Co.,Ltd. announces an Equity Buyback for 90,000 shares, representing 1.04% for ¥100 million.
June 17, 2019 at 02:00 am EDT
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Balnibarbi Co.,Ltd. (TSE:3418) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 1.04% of the outstanding shares for ¥100 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 18, 2019. As of May 31, 2019, the company had 8,666,200 shares outstanding and 480 shares in treasury.
BALNIBARBI Co., Ltd. is a Japan-based company mainly engaged in the operation of restaurants. The Company operates restaurants, cafes, and bars designed and developed by the company, the sweets shop that sells roll cakes, manages restaurants for health-conscious customers represented by athletes, operates Kikusui, a ryokan with a 60-year history, and conducts other businesses such as consulting for planning restaurants and area development.