Yaizu Suisankagaku Industry Co.,Ltd. announces an Equity Buyback for 340,000 shares, representing 2.89% for ¥300 million.
February 03, 2023 at 01:00 am EST
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Yaizu Suisankagaku Industry Co.,Ltd. (TSE:2812) announces a share repurchase program. Under the program, the company will repurchase 340,000 shares, representing 2.89% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment and to improve the shareholder returns.
The program will run until March 31, 2023. As of December 31, 2022, the company had 11,757,583 issued shares (excluding treasury stock) and 1,298,615 treasury shares.
YAIZU SUISANKAGAKU INDUSTRY CO.,LTD. is a Japan-based company engaged in the manufacture and sale of seasonings, functional foods, seafood and other foods. The Company operates through three business segments. The Seasoning segment is engaged in the production of various extracts, oils, soups, powder seasonings, flavored seasonings, various low-salt seasonings, mustard and other spices. The Functional Materials segment is engaged in the production of marine functional materials such as chitin, chitosan, oligosaccharides and theaflavins. The Marine Products segment is engaged in frozen tuna and bonito processing business, marine products wholesaler business, warehouse business and others.
YAIZU SUISANKAGAKU INDUSTRY CO.,LTD. 
