Source disclosure: March 02, 2026, 11:00 JST
Published by Pulse News Wire: March 02, 2026, 11:01 JST
SATO FOODS INDUSTRIES CO.,LTD. [2814.T]
TOKYO, Mar 2 (Pulse News Wire) -- Sato Foods Industries Co., Ltd. (2814.T), represented by President and CEO Masahiro Ueda, has announced the results of its recent share repurchase conducted through the Tokyo Stock Exchange's ToSTNeT-3 system on March 2, 2026. The company also declared that this transaction marks the completion of its previously disclosed share buyback plan decided upon during a board meeting held on February 27, 2026.
The primary reason for the share repurchase was to enhance capital efficiency and strengthen shareholder returns. In total, Sato Foods purchased 69,700 shares, which represents 1.8% of the outstanding shares excluding treasury stocks. The total cost of these shares amounted to ¥230,010,000. This acquisition took place entirely within the parameters set forth by the board resolution made earlier in February, which allowed for up to ¥264 million worth of shares to be bought back, with a maximum limit of 80,000 shares representing no more than 2.0% of the outstanding shares.
For reference, the board decision outlined on February 27 included plans to repurchase up to 80,000 ordinary shares of Sato Foods Industries, not including the 290,950 shares held as part of the company’s stock grant trust (J-ESOP) and performance-linked equity compensation program. These additional shares were excluded from the count towards the self-share repurchase limits established by the board.
Inquiries regarding this announcement can be directed to Executive Director and Corporate Officer Shinji Otsu via telephone at 0568-77-7316.
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