Tranche Update on cotta CO.,LTD's Equity Buyback Plan announced on May 17, 2021.
November 01, 2021 at 02:30 am EDT
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From October 1, 2021 to October 31, 2021, the company has repurchased 201,400 shares, representing 1.87% for ¥115.3 million. With this, the company has completed the repurchase of 389,300 shares, representing 3.59% for ¥235.53 million under the buyback announced on May 17, 2021.
cotta Co Ltd is a Japan-based company mainly engaged in the business of selling confectionery and baking materials and sundries to confectionery and lunch box stores and individual customers. The main sales method is mail-order sales via the Internet, facsimile, telephone and others, with particular emphasis on sales via the cotta Internet mail-order site. In addition, through its subsidiaries, the Company is engaged in the processing, manufacturing, and sales of confectionery and baking ingredients, the maintenance and operation of cotta, the tie-up advertising business with cotta as an Internet media business, and the community-based wholesale confectionery and bakery business for business-to-business transactions, primarily in the confectionery and bakery industry in Yamaguchi Prefecture, delivering products directly to customers using Company-owned delivery vehicles, as well as the planning and sales of household sundries for cooperatives.