Notice: Decisions on Matters Related to Stock Repurchase
March 29, 2022 at 11:54 am IST
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To Investors:
March 29, 2022
MonotaRO Co, Ltd
(Code No. 3064 TSE 1st)
IR Contact: +81-6-4869-7190
Mail:pr@monotaro.com
Notice: Decisions on Matters Related to Stock Repurchase
(Stock repurchase based on the Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Corporation Law)
MonotaRO Co., Ltd. (hereinafter "the Company") announces the resolution was made at the Board of Directors meeting held on March 29, 2022 on matters pertaining to stock repurchase based on Article 156 of the Corporation Law as applied pursuant to Article 165, Paragraph 3 of the same law, as follows.
1. Reason for treasury stock repurchase:
The purpose is to pursue financial strategies with greater agility in response to changes in business environment.
2. Details of the share repurchase:
(1) Type of shares acquired
Common stock of the Company
(2) Total number of stocks to be repurchased
Up to 35,200 stocks (upper limit)
(0.00% of the total number of issued shares (excluding treasury stocks))
(3) Total amount to be paid for repurchase
Up to 119,680,000 JPY (upper limit)
(4) Repurchase period
From April 1, 2022 to April 8, 2022
(For reference) Number of treasury stocks held as of February 28, 2022
Total number of stocks outstanding Number of treasury stocks
501,313,800 stocks 4,443,812 stocks
End of notice
Disclaimer:
This is an English translation of the captioned release.
This translation is prepared and provided for the purpose of the readers' convenience. All readers are recommended to refer to the original version in Japanese language.
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MonotaRO Co. Ltd. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 06:23:09 UTC.
MonotaRO Co.,Ltd. is a Japan-based company principally engaged in the sale of factory indirect materials. The Company sells factory indirect materials to customers, mainly small and medium-sized manufacturing companies in Japan and overseas, by mail order using e-commerce (distribution based on the Internet). The Company publishes products purchased from domestic and foreign wholesalers and manufacturers in the web catalog of its Website and in the paper catalog distributed to each customer, and sells them directly to domestic and foreign end users. The products handled by the Company are mainly factory indirect materials, such as consumables and repair products that are routinely used in factories. The Company is also involved in the development of private brands for some products with high demand from customers.