Premium Water Holdings,Inc. (TSE:2588) announces a share repurchase program. Under the program, the company will repurchase up to 9,046,070 shares, representing 30.51% of its issued share capital. The shares will be repurchased from Hikari Tsushin Co., Ltd. The purpose of the program is to implement a capital policy that will increase the profits and to meet the criteria for maintaining listing.
The amount will be calculated by multiplying the total number of shares to be acquired by a 10% discount (equivalent to 90% of the closing price, with any fraction less than one yen rounded up) on the closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on January 22, 2026 (or, if there is no trading on the immediately preceding day, the price on the most recent day prior to that date) by the total number of shares to be acquired. The program is subject to approval from Extraordinary General Meeting of Shareholders to be held on January 23, 2026. Repurchased shares will be cancelled.
Premium Water Holdings Inc is a Japan-based company mainly engaged in the manufacture and sale of natural mineral water and home office delivery business which manufactures natural mineral water. The main product is 12L natural mineral water, which includes in-house production and original equipment manufacturer (OEM) production in Fujiyoshida City, Yamanashi Prefecture; Asago City, Hyogo Prefecture; Asago City, Hyogo Prefecture; Omachi City, Nagano Prefecture; Hamada City, Shimane Prefecture and Minamiaso Village, Aso County, Kumamoto Prefecture. The Company provides mineral water delivery services centered on the brand PREMIUM WATER mainly through the three sales methods of direct sales, distributors, original brand name (OEM) and through demonstration sales, WEB and telemarketing. The Company lends water servers to customers of direct sales, distributors and special agents, and wholesales water servers to customers of agents. The Company also conducts as a sales representative.
