bullish
Smallcap Ebara Foods Industry (2819) - A Delicious Buyback Snack
472 Views13 Dec 2021 22:22
SUMMARY
- Small but ubiquitous specialty condiments maker Ebara Foods Industry (2819 JP) sells ¥50bn of product a year. Three years ago, longtime CEO Morimura passed. His son is CEO now.
- The company entered TSE1 in 2014 but despite meeting the requirements, it announced today it would seek listing on TSE Standard and not TSE Prime. A selldown looms.
- Today, the company announced a buyback. The company has conducted 6 of them in 13 years so this is not unusual, but the method is, and the setup deserves attention.
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