Coca-Cola Bottlers Japan Holdings Inc. (TSE:2579) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 10.96% of its issued share capital, for ¥30,000 million. The purpose of the program is to return profits to shareholders and improve capital efficiency.
The program is valid till October 31, 2025. As of October 31, 2024, the company had 206,268,593 outstanding shares and 23,786,834 treasury shares.
Coca-Cola Bottlers Japan Holdings Inc is a Japan-based company mainly engaged in the beverage business. The Company operates in two business segments. The Beverages segment is engaged in the purchasing, manufacture, sale, bottling, packaging, distribution and marketing of carbonated drinks such as coca and cola, coffee and tea beverages, and mineral water in Japan, as well as vending machine related business, real estate business, insurance agency, the procurement of raw materials and materials, the development and maintenance of information systems. The Healthcare and Skincare segment is engaged in the manufacture and sale of green juice made from kale, health foods and cosmetics and related products, as well as investment business.
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