ANEST IWATA Corporation [6381.T]
TOKYO, May 12 (Pulse News Wire) – ANEST IWATA Corporation (6381.T) announced today that its board of directors, convened on May 12, approved a share repurchase program based on Article 165(3) of the Companies Act, which is deemed equivalent to Article 156 of the same act. The company plans to repurchase up to 1 million shares shares, representing 2.53% of the outstanding shares excluding treasury stock.
The total amount allocated for the buyback is capped at ¥1.500 billion. The repurchases will take place through open-market purchases on the Tokyo Stock Exchange from May 13 until December 31, 2026.
This initiative aligns with the company's capital policy aimed at enhancing shareholder returns and maintaining a robust financial foundation for growth strategies. The move also reflects ANEST IWATA’s commitment to improving capital efficiency while providing flexibility in executing its share repurchase activities.
As of April 30, the company had 2,156,453 treasury shares out of a total of 39,589,052 outstanding shares excluding treasury stock.
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