Chubu Steel Plate Co.,Ltd. [5461.T]
TOKYO, May 12 (Pulse News Wire) – Chubu Steel Plate CO.,LTD. (5461.T) decided to repurchase its own shares through a resolution made during its board meeting held.
The move aims to improve capital efficiency and enhance shareholder value by reducing consolidated net assets to approximately ¥70.00 billion (from ¥74.90 billion as of March 31, 2026) by the end of fiscal 2027. The company plans to repurchase up to 900,000 ordinary shares, representing 3.32% of outstanding shares excluding treasury stock. The total amount allocated for the buyback is capped at ¥1.700 billion.
The repurchase will take place via open-market purchases on the Tokyo Stock Exchange from May 14, 2026, to November 30, 2026. This initiative aligns with the company's strategy to optimize its capital structure and further boost shareholder value. As of November 30, 2026, Chubu Steel Plate held 908,678 shares out of a total of 27,091,322 outstanding shares excluding treasury stock.
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