Gendai Agency to Buy Back Shares Through ToSTNeT-3 Starting July 21

TOKYO, Jul 17 (Pulse News Wire) – Gendai Agency Inc. (2411.T) announced plans to repurchase shares through the ToSTNeT-3 system on July 21 at 8:45 AM.

Based on the closing price of ¥460 on July 17, the company intends to buy back up to 350,000 shares for a total amount of up to ¥161 million. The repurchase results will be disclosed immediately after trading ends on July 21. However, due to market conditions, there is a possibility that some or all of the planned repurchases may not occur.

Following the initial repurchase, any remaining shares will continue to be acquired through open-market purchases based on a discretionary agreement. As of July 17, the company had 1,300,000 treasury shares out of a total of 12,300,000 outstanding shares. According to previous disclosures, Gendai Agency plans to cancel 940,000 treasury shares on July 24 and dispose of 360,000 shares on June 26.

As a result, the company's treasury share count is expected to reach zero by July 24.