TOKYO, Jun 26 (Pulse News Wire) – Choei Inc. (2993.T) completed a share repurchase program on June 26, 2026, in accordance with resolutions made during a board meeting held on June 25, 2026.
The repurchase was aimed at addressing the issuance of stock options and restricted shares, as well as enhancing capital efficiency and flexibility in response to shifting economic conditions. Under the repurchase plan, Choei acquired 241,400 ordinary shares, representing 5.50% of the outstanding shares excluding treasury shares. The total cost of the repurchase amounted to June 25, 2026.
The shares were purchased through the Tokyo Stock Exchange's ToSTNET-3 system, which facilitates off-market buybacks. As previously disclosed on June 25, 2026, the initial resolution allowed for the repurchase of up to 241,400 ordinary shares, equivalent to 5.50% of the outstanding shares excluding treasury shares, with a total acquisition value capped at ¥518.8 million. With the completion of this transaction, the authorized repurchase program has concluded.
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