TOKYO, Jun 11 (Pulse News Wire) – Fulltech Co.ltd. (6546.T) announced today that its board of directors resolved to repurchase shares based on Article 156 of the Companies Act, which applies due to Article 165, Paragraph 3.
The decision was made considering the current market environment and stock price levels to enhance capital efficiency, improve enterprise value, and strengthen shareholder returns. The company plans to execute the buyback through the ToSTNeT-3 system on June 12 at 8:45 AM. The total number of shares available for purchase is up to 90,000 (representing 1.68% of the outstanding shares excluding treasury stocks). The maximum amount to be spent on the share repurchase is capped at ¥98.5 million.
However, changes to the number of shares or shifts to other trading systems or times will not occur. The buyback order will be valid solely during the designated time frame. As of May 31, the company held 151 treasury shares out of a total of 5,367,649 outstanding shares excluding treasury stocks. The results of the share repurchase will be disclosed immediately after the end of the trading session on June 12 at 8:45 AM.
It should be noted that depending on market conditions, the entire or part of the planned repurchase might not proceed.
Share buyback
Shares
90,000 shares
Total cost
¥99M
Avg ¥1,095/share
Period
n/a
Source: TDNet filing
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