TOKYO, Mar 25 (Pulse News Wire) – Morinaga Milk Industry CO.,LTD. (2264.T) announced today that it completed the repurchase of its own shares based on the resolution made at the board meeting held on May 13, 2025.
A total of 109,100 ordinary shares were purchased during the period from March 1, 2026, to March 24, 2026, at a total cost of ¥517.9 million. Additionally, the company resolved at its board meeting on March 13, 2026, to cancel its own shares according to Article 178 of the Companies Act. The number of shares to be canceled has now been determined at 2,865,300, representing 3.2% of the outstanding shares prior to cancellation.
The destruction of these shares is scheduled for March 31, 2026. In related developments, the board meeting held on May 13, 2025, authorized the repurchase of up to 3,800,000 ordinary shares at a total value of up to ¥10.00 billion through open-market purchases on the Tokyo Stock Exchange until March 31, 2026. As of March 25, 2026, the company had cumulatively acquired 2,865,300 shares valued at ¥10.00 billion since the initial authorization.
As of March 31, 2025, the company held 7,949,190 of its own shares, excluding treasury shares, out of a total issuance of 81,095,896 shares.
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