Daiwa Office Investment to Buy Back Up to 7,000 Units

TOKYO, Jul 17 (Pulse News Wire) – Daiwa Office Investment Corporation (8976.T) announced that it has decided to repurchase up to 7,000 units of its investment trust shares based on Article 80(2) of the Investment Trust and Investment Corporations Act, as amended by Article 80(5). The repurchase will take place during the period from July 21, 2026, to November 12, 2026.

The total amount for the repurchase is capped at ¥1.500 billion. The repurchase ratio represents 0.75% of the outstanding shares excluding self-held shares. The company plans to cancel all repurchased shares within the fiscal year ending November 2026 (the 42nd fiscal year). In making this decision, the company considered factors such as share price levels, liquidity, financial conditions, and market trends.

It believes that the repurchase and cancellation will enhance capital efficiency and benefit shareholders through improved long-term value. The repurchase will be executed via market purchases on the Tokyo Stock Exchange under a discretionary agreement with securities firms. Following the completion of the repurchase, the board intends to cancel all acquired shares by the end of the fiscal year in November 2026. At the time of the announcement, the company held no self-invested shares out of a total of 934,745 outstanding shares.