SHINOBU FOODS PRODUCTS CO.,LTD. [2903.T]
TOKYO, May 11 (Pulse News Wire) – Shinobu Foods Products CO.,LTD. (2903.T) decided to repurchase up to 400,000 ordinary shares, representing 3.% of its outstanding shares excluding treasury stock, for a total amount of up to ¥700,000,000.
The decision was made based on a resolution passed , pursuant to Article 165(3) of the Companies Act, which allows for self-share repurchases aimed at improving capital efficiency and implementing flexible capital policies in response to changing business environments. The share buyback program will run from May 12, 2026, to September 30, 2026.
Repurchases will be conducted through the Tokyo Stock Exchange's ToSTNET-3 system and open market purchases. However, due to market conditions, the entire plan may not be realized.
As of April 30, 2026, the company held 1,554,576 treasury shares out of a total of 10,945,424 outstanding shares excluding treasury stock.
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