Mitsui DM Sugar Holdings (TYO:2109) plans to repurchase up to 1.2 million shares, or 3.7% of outstanding stock excluding treasury shares, for a total of up to 3.92 billion yen on Friday, according to a Tokyo Stock Exchange filing on Thursday.
The repurchase will be executed at 3,270 yen per share via the Tokyo Stock Exchange's off-auction own share trading system (ToSTNeT-3), the company said.
The move follows a board resolution approved Thursday that allows for market purchases through May 28 for up to 4.4 billion yen, the filing said.
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