Morinaga& : Notice Regarding the Results of the Repurchase of Treasury Stock via ToSTNeT-3 and Completion of Repurchase of Treasury Stock
May 13, 2024 at 10:36 pm EDT
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 14, 2024
Company name:
Morinaga & Co., Ltd.
Name of representative:
Eijiro Ota, Representative Director, President
(Securities code: 2201; Prime Market of the
Tokyo Stock Exchange)
Inquiries:
Natsuko Okamoto, General Manager,
Corporate Communication Division
(Telephone: +81-3-3456-0150)
Notice Regarding the Results of the Repurchase of Treasury Stock via ToSTNeT-3 and
Completion of Repurchase of Treasury Stock
Morinaga & Co., Ltd. (the "Company") announces that the Company has executed the repurchase of treasury stock as notified on May 13, 2024, as noted below.
Moreover, with today's repurchase, the repurchase of treasury stock based on the resolution passed at the Board of Directors meeting held on May 10, 2024 has been completed.
1. Purpose of repurchase of treasury stock
To enhance returns to shareholders and improve capital efficiency
2. Repurchase details
(1)
Type of shares repurchased
Common shares of the Company
(2)
Total number of shares repurchased
940,000 shares
(3)
Total amount for repurchase of shares
2,368,800,000 yen
(4)
Repurchase date
May 14, 2024
(5)
Method of repurchase
Repurchase through Tokyo Stock Exchange off-auction own
share repurchase trading system (ToSTNeT-3)
(Reference) Details of resolution at the Board of Directors meeting held on May 10, 2024
(announced on May 10, 2024)
(1)
Type of shares repurchased
Common shares of the Company
(2)
Total number of shares to be repurchased
Up to 1,100,000 shares
Ratio of total number of shares issued (excluding treasury
stock): 1.21%
(3)
Total amount of repurchase of shares
Up to 3,520,000,000 yen
(4) Period of repurchase
May 13, 2024 to May 17, 2024
(5)
Method of repurchase
Repurchase through Tokyo Stock Exchange off-auction own
share repurchase trading system (ToSTNeT-3)
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Morinaga & Co. Ltd. published this content on
14 May 2024 and is solely responsible for the information contained therein. Distributed by
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14 May 2024 02:35:01 UTC.
Morinaga & Co., Ltd. is a Japan-based company mainly engaged in food manufacturing, food wholesale, real estate and services etc. The Company operates in three segments. The Food Manufacturing segment is engaged in manufacturing of confectionaries, foods, frozen desserts, jelly drinks, etc. The Food Wholesale segment is engaged in wholesales of commercial food. The Real Estate and Services segment is engaged in real estate rental business and management of golf courses. Other business involves in the financial services and other activities.