House Foods Group Inc. [2810.T]
TOKYO, May 11 (Pulse News Wire) – House Foods Group Inc. (2810.T) announced today that its board of directors, held on May 11, approved a share buyback program based on Article 165, Paragraph 2 of the Companies Act.
The company plans to repurchase up to ¥1.5 million ordinary shares, representing approximately 1.5% of the outstanding shares excluding treasury stock, at a total cost of up to ¥15 billion. The buyback will commence on May 12, 2026, and continue until April 23, 2027. Following completion, all acquired shares will be canceled.
As of March 31, 2026, the company had 100.2 million shares outstanding excluding treasury stock, and held ¥7.318 million treasury shares. This initiative aligns with the company's commitment to shareholder returns, aiming for a dividend payout ratio of at least 30% of net assets going forward. Additionally, the company intends to implement progressive dividends and flexible capital management strategies, such as share repurchases, considering market conditions and cash flow dynamics.
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