Toho Holdings Co., Ltd. announces an Equity Buyback for 2,500,000 shares, representing 3.87% for ¥6,000 million.
September 15, 2023 at 02:30 am EDT
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Toho Holdings Co., Ltd. (TSE:8129) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 3.87% of its total shares outstanding (excluding treasury shares), for a total of ¥6,000 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency.
The repurchase program is valid till March 31, 2024. As of August 31, 2023, the company had 64,619,709 shares outstanding (excluding treasury shares) and had 13,650,433 shares in treasury.
Toho Holdings Co Ltd is a Japan-based company mainly engaged in the pharmaceutical wholesale business. The Company operates through five business segments. The Pharmaceutical Wholesale segment purchases pharmaceuticals and medical-related products from pharmaceutical manufacturers and sells them to hospitals, clinics and dispensing pharmacies. It is also engaged in the provision of data processing system and rental of real estate. The Dispensing Pharmacy segment is engaged in the management of insurance dispensing pharmacies and dispensing pharmacies. The Pharmaceutical Manufacture and Sale segment is engaged in the manufacture and sale of generic drugs and contract manufacturing of injectable drugs. The Clinical Trial Facility Support segment is engaged in the provision of support for clinical trial facilities. The Information Equipment Sales segment is engaged in the planning and sale of information processing equipment.
TOHO HOLDINGS CO., LTD. 
