TOKYO, Jun 02 (Pulse News Wire) – INNOTECH CORPORATION (9880.T) announced today that it had completed its share repurchase program during the period from May 15 to May 31, 2026. Under the provisions of Article 165 of the Companies Act, the company purchased a total of 46,600 shares, amounting to a total purchase price of ¥200.6 million.
The repurchase was conducted through open-market purchases on the Tokyo Stock Exchange. The decision to execute this buyback was made during the board meeting held on May 14, 2026. The initial plan allowed for the acquisition of up to 1,000,000 shares, representing 8.2% of the outstanding shares excluding treasury stock.
The maximum total expenditure for the repurchase was set at ¥2.500 billion. This move reflects the company's strategy to enhance shareholder value and strengthen its capital structure. The share repurchase program adheres strictly to the legal framework outlined in the Companies Act, ensuring transparency and compliance throughout the process.
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