Matsumotokiyoshi Holdings Co., Ltd. announces an Equity Buyback for 800,000 shares, representing 0.73% for ¥3,564 million.
May 13, 2021 at 03:00 am EDT
Share
Matsumotokiyoshi Holdings Co., Ltd. (TSE:3088) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.73% of its share capital for ¥3,564 million. The shares will be repurchased at a price of ¥4,250 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. As of May 13, 2021, the company had 109,272,214 shares outstanding (excluding treasury shares) and 6,490,612 shares in treasury.
MatsukiyoCocokara & Co, formerly Matsumotokiyoshi Holdings Co Ltd, is engaged in retail business, wholesale business and management support business. Retail business is engaged in operating chain stores of drugstores and insurance pharmacies, opening and operating insurance dispensing pharmacies, dispatching pharmacists and others. Wholesale business purchases and sells products handled by group companies and business partners that engage in retail business, develops franchise businesses, and supplies products to franchisees. The Management Support segment is involved in the management of group companies and contracting of indirect business, planning and development of private brand products, asset management and operation, the construction and maintenance of stores, as well as the operation of non-life and life insurance agency business.
MATSUKIYOCOCOKARA & CO. 
