TOKYO, May 08 (Pulse News Wire) – CRESCO LTD. (4674.T) decided on May 08 to repurchase up to 1,000,000 shares of its common stock based on its articles of incorporation and the Companies Act.
The buyback will take place through open-market purchases on the Tokyo Stock Exchange from May 11, 2026 to November 30, 2026. The rationale behind this move is to enhance shareholder value and maintain long-term stable profitability. Additionally, considering recent undervaluation of the company's intrinsic worth relative to its share price, the board believes that share repurchases are a strategic option for returning capital to shareholders.
The total number of shares to be purchased represents 2.48% of the outstanding shares excluding treasury shares, with a cap of ¥2 billion for the total purchase amount. Following the completion of the share repurchase, the company plans to cancel the acquired shares to improve capital efficiency. The exact cancellation date will be communicated separately once the repurchase process concludes.
As of March 31, 2026, the company held 1,605,551 treasury shares out of a total of 40,394,449 outstanding shares excluding treasuries.
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