Gunosy to Buy Back Up to 3,900,000 Shares

TOKYO, Aug 04 (Pulse News Wire) – Gunosy Inc. (6047.T) announced that its board of directors resolved on August 4 to repurchase up to 3,900,000 shares through off-market transactions via ToSTNeT-3, effective August 5 at 8:45 AM.

The move aims to enhance shareholder returns and capital efficiency while adapting to changing business environments. The total value of the buyback is capped at ¥1.416 billion. The number of shares represents 18.18% of the outstanding shares excluding treasury stocks.

The company noted that the actual number of shares purchased may vary based on market conditions. Additionally, Gunosy confirmed that its major shareholder, KDDI Corp., intends to participate in the buyback, which could lead to changes in the composition of major shareholders. Following the transaction, Gunosy plans to disclose the results immediately upon completion of trading on August 5 at 8:45 AM.

The company emphasized that any significant developments related to the buyback process will be promptly communicated to stakeholders.