TOKYO, May 22 (Pulse News Wire) – Izawa Towel CO.,LTD. (365A.T) announced today that its attempt to repurchase shares through the ToSTNeT-3 system was unsuccessful due to the absence of selling orders.
As a result, the share buyback program has concluded without any shares being acquired. The company had initiated the buyback process based on discussions with major shareholders to enhance capital efficiency and expand shareholder returns while mitigating market supply-demand imbalances. However, the primary seller did not place sell orders, leading to the failure of the transaction.
Going forward, Izawa Towel remains committed to improving capital efficiency and expanding shareholder returns. The company will continue to evaluate market conditions and stock price trends to implement flexible and optimal capital strategies, such as share repurchases, as needed. Any future developments related to this matter will be disclosed promptly.
Details of the failed repurchase included: - Type of shares targeted: Ordinary shares - Total number of shares repurchased: 0 shares - Aggregate purchase amount: ¥0 - Purchase date: May 22, 2026 - Method of acquisition: Through the Tokyo Stock Exchange's ToSTNeT-3 system Previously, on May 21, 2026, the company had resolved to repurchase up to 600,000 ordinary shares, representing 6.2% percent of the outstanding shares excluding treasury shares, with a total repurchase value capped at ¥426 million.
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