Yamato Holdings Co., Ltd. (TSE:9064) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 6.06% of its issued share capital (excluding treasury stock), for a total purchase price of ¥50,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns.
The program will continue through February 29, 2024. As of April 30, 2023, the company had 362,756,516 issued shares (excluding treasury stock) and 17,068,376 treasury shares.