H2O Retailing Corporation (TSE:8242) announces a share repurchase program. Under the program, the company will repurchase up to 8,100,000 shares, representing 6.57% of its issued share capital (excluding treasury stock), for a total purchase price of ¥13,000 million. The shares will be repurchased at a price of ¥1,289 per share.
The purpose of the program is to improve capital efficiency and implement capital policies that response to changes in the business environment. As of November 1, 2022, the company had 123,237,810 issued shares (excluding treasury stock) and 1,963,586 treasury shares.