Toho Holdings Co., Ltd. announces an Equity Buyback for 3,850,000 shares, representing 5.46% for ¥8,000 million.
November 21, 2022 at 07:45 am
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Toho Holdings Co., Ltd. (TSE:8129) announces a share repurchase program. Under the program, the company will repurchase 3,850,000 shares, representing 5.46% of its share capital, at ¥2,068 per share for ¥8,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment.
As of October 31, 2022, the company had 70,551,853 shares outstanding (excluding treasury shares) and 7,718,289 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. 
