TOKYO, May 15 (Pulse News Wire) – Lakeel,inc. (4074.T) announced today that its board of directors had decided to expand its share repurchase program.
Originally approved on February 13, the revised plan now allows for up to 500,000 shares to be purchased, representing approximately 0.24% of the outstanding shares excluding treasury stock. The total value cap remains unchanged at ¥10 billion. The expanded program, which was approved during the board meeting held on May 15, extends the repurchase period until January 31, 2027, from the initial end date of August 31, 2026. The company stated that the move aims to enable more flexible capital management strategies in response to changing economic conditions, thereby enhancing shareholder returns and improving capital efficiency.
As of April 30, Lakeel,inc. had cumulatively acquired 250,000 shares under the previous plan, spending a total of ¥5 billion. At the same time, the company held 962,623 treasury shares. The repurchases will continue to be conducted through open-market purchases on the Tokyo Stock Exchange.
However, due to market conditions, there is a possibility that some or all of the planned acquisitions might not occur.
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