MatsukiyoCocokara & Co. (TSE:3088) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.05% of its share capital for ¥6,090 million.

The shares will be repurchased at a price of ¥4,060 per share. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment, along with aiming to improve capital efficiency. The repurchase program will expire on February 15, 2022.

As of February 14, 2022, the company has 142,966,710 shares outstanding (excluding treasury shares) and 134,561 shares in treasury.