Espec Corp. Plans Share Repurchase Amid Dividend Policy

TOKYO, Aug 06 (Pulse News Wire) – ESPEC CORP. (6859.T) decided on a share repurchase program during its board meeting held on August 06, 2026.

The company plans to buy back up to 1,300,000 shares, representing 6.07% of outstanding shares excluding treasury stock, with a total value limit of ¥6 billion. The repurchase will take place through market purchases on the Tokyo Stock Exchange from August 07, 2026 to July 31, 2027. As part of its ongoing commitment to shareholder returns, ESPEC CORP. aims to maintain a dividend payout ratio of 40% or higher and pursue flexible capital policies. Under its mid-term business plan "PROGRESSIVE PLUS 2027," the company intends to achieve a cumulative total return ratio of 50% over three years without cutting dividends.

The share repurchase is seen as a strategic move to enhance long-term corporate value and support shareholder interests. Additionally, ESPEC CORP. stated that it will adhere to its basic policy on the disposal of treasury shares, which was established at a previous board meeting held on November 13, 2025. According to this policy, the company will dispose of excess treasury shares exceeding the holding limit of 10% of the total issued shares. Details on the number of shares to be disposed of and the timing will be disclosed once finalized.

As of July 31, 2026, the company held 2,373,720 treasury shares out of a total of 21,407,674 outstanding shares excluding treasury stock.