Source disclosure: February 06, 2026
Isetan Mitsukoshi Holdings Ltd. [3099.T]
TOKYO, Feb 06 (Pulse News Wire) – Isetan Mitsukoshi Holdings Ltd. (3099.T) held a board meeting on February 06, 2026, to approve a share repurchase plan based on Article 165(2) of the Companies Act.
The company also decided to cancel the shares acquired through this process according to Article 178 of the same act. Under its mid-term business plan phase I (March 2026 to March 2028), the company aims to return value to shareholders through a combination of dividends and share buybacks, targeting a total payout ratio of more than 70%. Considering its financial condition and stock price levels, the company plans to repurchase up to 18,000,000 ordinary shares, representing 5.1% percent of outstanding shares excluding treasury shares. The total cost of the repurchase is capped at ¥30.00 billion.
The repurchase program will run from February 09, 2026, to February 08, 2027, via open-market purchases on the Tokyo Stock Exchange. All purchased shares will be canceled on February 26, 2027, after the completion of the repurchase. As of December 31, 2025, the company had 15,808,619 treasury shares out of a total of 351,610,335 outstanding shares excluding treasury shares. The number of shares to be canceled will be disclosed once the repurchase is completed.
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