Riken Vitamin Co., Ltd. announces an Equity Buyback for 7,600,100 shares, representing 34.56% for ¥28,120.37 million.
April 27, 2016 at 01:46 am EDT
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Riken Vitamin Co., Ltd. (TSE:4526) announces a share repurchase program. Under the program, the company will repurchase up to 7,600,100 shares of treasury stock, representing 34.55% of its outstanding shares excluding treasury shares, for a total of ¥28,120.37 million. The plan will run until June 30, 2016.
As of March 31, 2016, the company had 21,991,543 shares outstanding excluding treasury shares and had 1,661,007 shares in treasury.
RIKEN VITAMIN CO., LTD. is a Japan-based food processing company. The Company operates its business through three segments. The Domestic Food segment is primarily engaged in the manufacture and sale of household food products, commercial food products and raw materials for food processing, including seaweed products, dressings, food extracts and seasonings, food improving agents, vitamin and health food. The Domestic Chemicals and Others segment is mainly engaged in the manufacture and sale of chemical improving agents and animal feed additives. The Overseas segment is mainly engaged in the manufacture and sale of improving agents for food and chemical products, as well as processed marine products and frozen vegetables. The Company distributes its products in Japan, Southeast Asia, South Asia, the Middle East, Oceania, Europe, Africa, the North America, Latin America, China, Taiwan and South Korea, among others.
RIKEN VITAMIN CO., LTD. 
