Qol Co., Ltd. announces an Equity Buyback for 1,400,000 shares, representing 4.06% for ¥2,240 million.
January 09, 2017
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Qol Co., Ltd. (TSE:3034) announces a share repurchase program. Under the program, the company will repurchase 1,400,000 shares, representing 4.06% of the outstanding shares, at ¥1,488 per share for ¥2,240 million. Shares will be repurchased from the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of December 31, 2016, the company had 34,496,665 shares outstanding and 1,348,835 shares in treasury.
Qol Holdings Co.,Ltd., formerly Qol Co., Ltd. is engaged in the operation of insurance pharmacies and Business Process Outsourcing (BOP) commission business. The Company operates in two segments. The Insurance Pharmacy segment is engaged in the operation of insurance pharmacies, as well as the operation of convenience stores in hospitals. The BOP Commission segment is engaged in the Contract Sales Organization (CSO) business, Contract Research Organization (CRO) business, medical related business and the wholesale of medicine products, cosmetic products and daily necessities through its subsidiaries.
QOL HOLDINGS CO., LTD. 
