TOKYO, Jun 26 (Pulse News Wire) – Izawa Towel CO.,LTD. (365A.T) completed its share repurchase program aimed at enhancing capital efficiency and increasing per-share profitability.
The company purchased a total of 600,000 shares through the ToSTNeT-3 system . The repurchase was initiated following discussions with major shareholders who indicated their intention to sell some of their holdings. The goal was to improve supply-demand balance in the market while boosting shareholder returns without affecting market dynamics.
The total acquisition cost amounted to ¥436.8 million. The repurchase plan, which had set a limit of 600,000 shares representing 6.2% of the outstanding shares excluding treasury stock, concluded successfully within the established parameters. The maximum amount allocated for the repurchase was ¥436.8 million.
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