TOKYO, May 14 (Pulse News Wire) – Masaru Corporation (1795.T) announced its share repurchase plan based on Article 156 of the Companies Act, as amended by Article 165, Paragraph 3. The company plans to execute the buyback through the ToSTNeT-3 system on May 14 at 8:45 AM, with the final special quotation price being ¥4,930.
Key details of the repurchase include: - Type of shares: Ordinary shares - Total number of shares to be acquired: Up to 17,000 shares (representing 1.90% of the outstanding shares excluding treasury stock) - Maximum total acquisition amount: ¥85 million Masaru Corporation will disclose the results of the repurchase immediately after the trading session ends on May 15 at 8:45 AM. However, due to market conditions, there is a possibility that some or all of the planned acquisitions may not occur.
In related developments, the company had previously resolved to acquire up to 17,000 ordinary shares, representing 1.90% of the outstanding shares excluding treasury stock, with a maximum total acquisition amount of ¥85 million. As of May 14, no shares have been purchased yet, but the total acquisition value remains at ¥0.
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