Tranche Update on Maruzen Co., Ltd.'s Equity Buyback Plan announced on June 1, 2017.
June 29, 2017 at 10:00 pm EDT
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From June 1, 2017 to June 29, 2017, the company has repurchased 2,500,000 shares, representing 12.64% for ¥2,712.5 million. With this, the company has completed the repurchase of 2,500,000 shares, representing 12.64% for ¥2,712.5 million under the buyback announced on June 1, 2017.
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.