Marvelous Details Share Repurchase Scheme With Image Frame Investment

TOKYO, Jul 31 (Pulse News Wire) – Marvelous Inc. (7844.T) detailed a share repurchase scheme involving its major shareholder, Image Frame Investment (HK) Limited, aimed at balancing supply and demand while maintaining capital efficiency and liquidity.

The transaction involves SBI Securities temporarily holding shares to hedge against potential market impact during the sale process. Under the agreement, SBI Securities will acquire shares from Image Frame Investment and enter into a forward contract with Marvelous Inc. at a price equal to the weighted average acquisition cost plus 107%. Quarterly evaluations will adjust non-operating income or expenses based on the difference between the forward price and market value.

Over the term of the contract, gains or losses will be recognized cumulatively. At maturity or upon early termination, SBI Securities will sell the shares back to Marvelous Inc. or another party, settling the final balance accordingly. This arrangement allows Marvelous Inc.

To manage its capital structure effectively without immediate market disruption, ensuring stability in shareholder composition and financial health.