Medical Ikkou Group Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 2.1% for ¥352 million.
June 17, 2020 at 03:30 am EDT
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Medical Ikkou Group Co.,Ltd. (JASDAQ:3353) announces an share repurchase program. Under the program the company will repurchase 40,000 shares, representing 2.1% of the outstanding shares, at ¥8,800 per share for ¥352 million. The purpose of the program is to improve capital efficiency and shareholder returns. As of May 31, 2020, the company had 1,906,183 shares outstanding and 128,817 shares in treasury.
Medical Ikkou Group Co.,Ltd. is a Japan-based company mainly engaged in the operation of dispensing pharmacies that fill prescriptions for general patients based on the medical prescriptions issued by medical institutions. The Company operates in four business segments. The Dispensing Pharmacy segment is specialized in the sale of medical drugs based on medical prescriptions. The Healthcare segment is engaged in the operation of nursing care facilities, the leasing of medical facilities and others, as well as the medical care and nursing care related businesses. The Medicine Wholesale segment is engaged in the sale of pharmaceutical products to medical institutions and others. The Real Estate segment is engaged in the leasing of real estate properties.