Morinaga’s Strategic Treasury Stock Acquisition

Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.

Morinaga Milk Industry Co., Ltd. has announced the acquisition of 419,500 of its own shares, costing a total of 1,445,813,700 yen, through market purchases on the Tokyo Stock Exchange during September 2024. This is part of a larger buy-back program, approved by the board on May 14, 2024, which allows for the purchase of up to 3,400,000 shares at a maximum cost of 10,000 million yen, of which 2,286,800 shares have already been acquired for 7,723,113,500 yen.

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