MatsukiyoCocokara & Co. (TSE:3088) announces a share repurchase program. Under the program, the company will repurchase up to 5,700,000 shares, representing 1.41% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15.276 million.
The shares will be repurchased at a price of ¥2,680 per share. The purpose of the program is to improve capital efficiency and further enhance shareholder returns. The repurchased shares will be cancelled.
As of April 30, 2025, the company has 403,576,592 issued shares and 12,099,038 treasury shares.
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.
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