ASAHI BROADCASTING GROUP HOLDINGS CORPORATION [9405.T]
TOKYO, May 21 (Pulse News Wire) – Asahi Broadcasting Group Holdings Corporation (9405.T) announced today that its board of directors, held, resolved to implement a share repurchase program based on Article 165, Paragraph 3 of the Companies Act, which applies provisions similar to those outlined in Article 156. The company's primary goal is to enhance capital efficiency and expand shareholder returns through strategic investments in key areas such as content and animation sectors within its mid-term plan "Asahi Broadcasting." Specifically, the firm aims to increase its dividend payout ratio from the previous level of 30% to 40%.
Additionally, the repurchase strategy will be flexible, taking into account market conditions and capital structure. Under this plan, Asahi Broadcasting intends to purchase up to 1,250,000 shares, representing 2.99% of the outstanding shares excluding treasury stock. The total amount allocated for the repurchase is capped at ¥1 billion.
The repurchase period will run from May 22, 2026, to March 31, 2027. At the end of March 31, 2026, the company held 43,345 treasury shares out of a total of 41,789,655 outstanding shares excluding treasury stock. This initiative underscores the company’s commitment to maintaining robust shareholder value and adapting to evolving business environments through dynamic capital management strategies.
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