Japan Process Development Co.,Ltd. [9651.T]
TOKYO, Jul 07 (Pulse News Wire) – Japan Process Development CO.,LTD. (9651.T) announced that its board of directors resolved on July 7 to repurchase up to 900,000 shares through the ToSTNeT-3 system on July 8 at 8:45 AM.
The buyback aims to enhance capital efficiency and return more value to shareholders amid changing business conditions. The total amount allocated for the share repurchase is capped at ¥1.750 billion. The number of outstanding shares excluding treasury stock is 9,694,435, making the proposed repurchase approximately 9.28% of the total outstanding shares. The company received notice from Chairman Daibu Noboru and his brother Daibu Chikara indicating their intention to sell their holdings of ordinary shares.
In addition, the company disclosed that the resolution was based on the stipulations set forth in Article 459, Paragraph 1 of the Companies Act. The buyback will be executed at the closing price of ¥1,800 on July 7, with no changes planned to other trading systems or times. The purchase order will remain valid solely during the designated trading time. Any adjustments to the number of shares to be purchased will not be made, and there is a possibility that some or all of the intended purchases might not occur due to market conditions.
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