MatsukiyoCocokara & Co. (TSE:3088) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 0.49% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,600 million.

The shares will be repurchased at a price of ¥5,140 per share. The purpose of the program is improve capital efficiency and to implement a flexible capital policy that responds to changes in the business environment. As of August 12, 2022, the company has 142,966,710 issued shares (excluding treasury stock) and 1,627,938 treasury shares.