Kotobuki Spirits completes share buyback program

Kotobuki Spirits (TSE:2222) announced the completion of its share buyback program on March 19, 2025, as authorized by the board of directors on December 9, 2024. The company repurchased 382,600 of its own common shares between March 1 and March 18, 2025, at a total cost of ¥896,478,291, through market purchases on the Tokyo Stock Exchange. This buyback forms part of a larger initiative approved in December 2024, which initially targeted the acquisition of up to 2,000,000 shares for a maximum of ¥3 billion between January 16 and March 31, 2025. With this final acquisition, Kotobuki Spirits has now repurchased a cumulative total of 1,281,300 shares at an aggregate price of ¥2,999,805,119 under the December resolution. The initial resolution allowed for repurchases of up to 1.28% of outstanding shares (excluding treasury stock).