Japanese meat processor Iotham Foods Inc. has bought back 1,226,000 of its own shares in a purchase arrangement during June.
In a notice to the Tokyo Stock Exchange the company said the purchase of the shares cost ¥381,730,006 (yen).
The company said it plans to purchased up to 5 million shares - 2.1 per cent of all issued shares, excluding treasury stock - with a total purchase price of up to ¥1.6 billion.
The company had earlier made the announcement to the stock exchange that it intended to make the purchase of the shares between May and August this year.
So far the company has bought 2,647,000 shares at a cost of ¥823,181,002.
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