TOKYO, Mar 10 (Pulse News Wire) – Daido Metal CO.,LTD. (7245.T) decided to repurchase its own shares based on a resolution made at the March 10 board meeting.
The decision follows the issuance of ordinary shares announced today, aimed at mitigating the impact on stock supply and as part of shareholder return strategies. Under the provisions of Article 459, Paragraph 1 of the Companies Act and Clause 43 of the Articles of Incorporation, the company plans to repurchase up to 1,200,000 shares, representing 2.5% percent of outstanding shares excluding treasury stocks. The total amount for the share repurchase is capped at ¥1 billion. The repurchase period will run from March 10, 2026 to April 20, 2026. The repurchases will take place through open-market purchases on the Tokyo Stock Exchange.
However, due to market conditions, some or all of the planned repurchases might not occur. As of February 28, 2026, the company had a total of 47,520,253 shares outstanding, including 2,412 treasury shares. Excluded from the treasury count are trust units set aside for equity compensation programs for directors and executive officers, which hold 652,433 shares. This press release does not constitute an offer to sell securities nor is it intended to solicit investment. Investors should consult the prospectus and any amendments prepared by the company before making investment decisions.
The ordinary shares of Daido Metal are not registered under the United States Securities Act of 1933 and will not be registered in the future, thus cannot be offered or sold in the United States without registration or exemption from such registration requirements.
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