TOKYO, Apr 30 (Pulse News Wire) – Ceres Inc. (3696.T) announced today that its board of directors, held on April 30, approved a share repurchase program based on Article 165, Paragraph 2 of the Companies Act.
The decision was made to enhance capital efficiency and further enrich shareholder returns, considering factors such as cash position and stock price levels. Under the plan, up to 350,000 shares of common stock will be purchased, representing 2.98% of the outstanding shares excluding treasury shares. The total amount spent on the repurchases will be capped at ¥500 million.
The repurchase period will run from May 1, 2026, through December 30, 2026. The company intends to execute the buyback through open-market purchases via a trading mandate agreement on the Tokyo Stock Exchange. However, due to market conditions, some or all orders might not be executed.
As of April 17, 2026, Ceres had 367,688 treasury shares out of a total of 11,748,812 outstanding shares excluding treasury shares.
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