TOKYO, Apr 28 (Pulse News Wire) – Komatsu Ltd. (6301.T) decided at its board meeting held, to repurchase shares based on Article 156 of the Companies Act, as amended by Article 165(3).
Additionally, the company resolved to cancel some of the repurchased shares according to Article 178 of the Companies Act. The reasons behind these decisions stem from Komatsu's ongoing efforts to enhance sustainable corporate value through robust financial health and competitive strength. The company plans to maintain a dividend payout ratio of more than 40%. Considering recent capital efficiency and financial soundness, Komatsu concluded that share buybacks would contribute positively to shareholder returns and corporate valuation. Details of the Share Repurchase Plan: - Type of Shares: Ordinary shares of Komatsu Ltd. - Total Number of Shares Available for Purchase: Up to 25,000,000 (representing 2.8% of outstanding shares excluding treasury stock).
- Maximum Aggregate Price for Purchased Shares: ¥100.0 billion. - Duration of Purchase Period: From April 30, 2026, to September 30, 2026. - Method of Acquisition: Through open-market purchases on the Tokyo Stock Exchange. Announced Share Cancellation Details: - Type of Shares: Ordinary shares of Komatsu Ltd. - Number of Shares to Be Canceled: All shares acquired within the aforementioned purchase plan. - Scheduled Cancellation Date: October 30, 2026.
As of March 31, 2026, Komatsu had a total of 902,963,299 ordinary shares outstanding (excluding treasury stock) and held 27,377,321 treasury shares.
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