Oenon Holdings, Inc. announces an Equity Buyback for 1,200,000 shares, representing 2.06% for ¥510 million.
May 10, 2024 at 11:30 am IST
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Oenon Holdings, Inc. (TSE:2533) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.06% of its total shares outstanding excluding treasury shares, for a total of ¥510 million. The purpose of repurchase program is to enhance stock return and improve capital efficiency.
The repurchase program is valid till August 30, 2024. As of March 31, 2024, the company had 58,210,150 shares outstanding excluding treasury shares and had 7,376,046 shares in treasury.
Oenon Holdings, Inc. is a Japan-based holding company mainly engaged in the liquor business. The Company operates in four business segments. The Liquor segment is engaged in the production, sale, transportation and cargo handling of shochu (Japanese spirits), shochu-based beverage, sake, synthetic sake, plum wine, processed liquor and wines, as well as the restaurant business. The Processing Starch segment is engaged in the sale of starch for processing. The Enzyme and Pharmaceutical segment is engaged in the production and sale of enzymes, bulk drugs, diagnostic drugs and others. The Real Estate segment is engaged in the purchase, sale and leasing of real estate.