FUJI ELECTRIC CO.,LTD. [6504.T]
TOKYO, Apr 28 (Pulse News Wire) – Fuji Electric CO.,LTD. (6504.T) announced today that its board of directors has approved setting up a framework for purchasing self-treasury shares based on Article 459(1) of the Companies Act and Article 39 of the company's articles of incorporation.
The move aims to enhance capital efficiency and enable strategic share repurchases in response to investment opportunities, financial conditions, and stock price levels. Under this framework, the company plans to acquire up to 2,500,000 ordinary shares, representing 1.7% of the outstanding shares excluding treasury shares. The total amount for the purchase will be capped at ¥21.00 billion.
The acquisition period is set from May 01, 2026 to March 31, 2027, with the method being open-market purchases through a trading mandate agreement on the Tokyo Stock Exchange. However, due to potential changes in investment opportunities and market conditions, some or all of the planned acquisitions might not occur. As of March 31, 2026, Fuji Electric held 1,685,468 treasury shares out of a total of 147,611,523 outstanding shares, excluding treasury shares.
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