Japan Transcity Corporation [9310.T]
TOKYO, May 29 (Pulse News Wire) – Japan Transcity Corporation (9310.T) announced today that its board of directors, convened, resolved to repurchase shares based on Article 165(3) of the Companies Act, which applies provisions similar to those outlined in Article 156. The decision was made to strengthen shareholder returns towards achieving optimal capital structure as detailed in the mid-term management plan 'Transcity Vision ' released on May 14, 2026.
The company plans to acquire up to 1,800,000 ordinary shares, representing 2.9% of outstanding shares excluding treasury stock. The total amount allocated for share repurchases does not exceed ¥2 billion.
Share buybacks will take place through open-market purchases on the Tokyo Stock Exchange from June 1, 2026, until March 31, 2027. As of April 30, 2026, the company held 4,541,483 treasury shares out of a total of 61,864,034 issued shares excluding treasury stock.
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