TOKYO, Jun 26 (Pulse News Wire) – JTEKT Corporation (6473.NG) completed the repurchase of treasury shares as part of executive compensation. The transaction involved the repurchase of ordinary shares totaling 12,028 at a price of ¥2,059 per share, resulting in a total repurchase amount of ¥24.8 million.
The shares were transferred to three non-executive directors of the company. Details of the transaction can be found in the notice dated May 15, 2026, which provides further information on the repurchase process and related matters.
This move aligns with JTEKT's strategy to manage its capital structure and reward executives through equity-based incentives. The repurchased shares will now be held by the designated directors as part of their compensation package.
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