Toho Holdings Co., Ltd. announces an Equity Buyback for 3,000,000 shares, representing 4.48% for ¥6,000 million.
May 31, 2023 at 03:30 am EDT
Share
Toho Holdings Co., Ltd. (TSE:8129) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 4.48% of its share capital, for ¥6,000 million. The company will repurchase its shares for enhancing shareholder returns and improving capital efficiency, In order to mitigate the short-term impact on the stock market and improve the terms of issuance.
The program will run until March 31, 2024. As of May 29, 2023, the company had 66,967,305 shares outstanding (excluding treasury shares) and 11,302,837 shares in treasury.
Toho Holdings Co Ltd is a Japan-based company mainly engaged in the pharmaceutical wholesale business. The Company operates through five business segments. The Pharmaceutical Wholesale segment purchases pharmaceuticals and medical-related products from pharmaceutical manufacturers and sells them to hospitals, clinics and dispensing pharmacies. It is also engaged in the provision of data processing system and rental of real estate. The Dispensing Pharmacy segment is engaged in the management of insurance dispensing pharmacies and dispensing pharmacies. The Pharmaceutical Manufacture and Sale segment is engaged in the manufacture and sale of generic drugs and contract manufacturing of injectable drugs. The Clinical Trial Facility Support segment is engaged in the provision of support for clinical trial facilities. The Information Equipment Sales segment is engaged in the planning and sale of information processing equipment.
TOHO HOLDINGS CO., LTD. 
