Cotta announces share buyback program of up to JPY200m

Cotta (TSE:3359) announced today that its board of directors has approved a share buyback program, authorizing the repurchase of up to 600,000 of its own shares, representing 5.54% of outstanding shares excluding treasury stock. The total acquisition cost is capped at JPY200,000,000. The buyback period will run from April 10, 2025, to August 31, 2025, with purchases to be made on the Tokyo Stock Exchange. As of March 31, 2025, Cotta has 10,833,649 outstanding shares excluding treasury stock and holds 389,864 shares as treasury stock, excluding shares held by trust accounts. The company stated that the buyback is intended to return profits to shareholders and improve capital efficiency, enabling a flexible capital policy in response to future business environment changes.