HOSHIZAKI CORPORATION [6465.T]
TOKYO, Jun 16 (Pulse News Wire) – Hoshizaki Corporation (6465.T) announced today that its board of directors, held, approved a share repurchase plan based on Article 459(1) of the Companies Act and Article 34 of the company's articles of incorporation. The decision follows a strategic alliance with Japan Activation Capital Co., Ltd., aimed at enhancing long-term corporate value and shareholder benefits while mitigating dilution effects resulting from the issuance of shares to third-party investors.
Under the approved plan, up to 2,329,100 ordinary shares (representing 1.6% of outstanding shares excluding treasury stock) will be purchased at a total cost of up to ¥12.09 billion. The repurchase period is set from July 09, 2026, to March 31, 2027, through open-market purchases on the Tokyo Stock Exchange.
The repurchase is scheduled to commence immediately following the conclusion of the previously authorized repurchase program ending on November 30, 2026. As of June 16, 2026, the company had approximately 138,404,620 shares outstanding (excluding treasury stock) and held 6,485,480 treasury shares.
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