Otsuka Holdings (TYO:4578) repurchased 736,700 shares between June 1 and June 30 through market purchases for 7.75 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
The repurchases are part of an ongoing share buyback program originally authorized by the board of directors on Feb. 13. The program permits the acquisition of up to 7 million shares at a purchase price of 50 billion yen.
With this, Otsuka has repurchased over 2.8 million shares to date for 29.91 billion yen. The buyback launched on Feb. 16 and runs through Dec. 23.