Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Small but ubiquitous specialty condiments maker <a href="https://www.smartkarma.com/entities/ebara-foods-industry-inc" target="_blank" data-smartkarma-citation="entities:17173:1" rel="noopener">Ebara Foods Industry (2819 JP)</a> sells ¥50bn of product a year. Three years ago, longtime CEO Morimura passed. His son is CEO now.</li>
<li>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.</li>
<li>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.</li>
</ul>


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.


Smallcap Ebara Foods Industry (2819) - A Delicious Buyback Snack

Japan

EBARA Foods Industry Inc produces liquid forms of seasoning such as barbecue sauce for commercial and home use. The Company specializes in products related to Yakiniku (grilled meat) and other meat-use condiments.

Smallcap Ebara Foods Industry (2819) - A Delicious Buyback Snack

Ebara Foods (2819) is a well-known packaged foods maker in Japan. Long been controlled by one family, the baton passed this year. A buyback, move...

Travis Lundy