MEIJI ELECTRIC INDUSTRIES CO.,LTD. [3388.T]
TOKYO, May 25 (Pulse News Wire) – Meiji Electric Industries CO.,LTD. (3388.T) resolved today during its board meeting to repurchase shares based on Article 165(3) of the Companies Act, which applies provisions similar to those outlined in Article 156.
The repurchase aims to implement flexible capital policies in response to changing business environments. The company plans to execute the buyback through the Tokyo Stock Exchange's outside matching system (TOSTNET-3) on May 26 at 8:45 am, based on the closing price of May 25, 2026 (including final special quotations). The total number of shares to be purchased is up to 150,000. This represents 1.18% of the outstanding shares excluding treasury stock.
The aggregate value of the share repurchase is capped at ¥400 million. As of March 31, 2026, the company held 14,102 treasury shares out of a total of 12,751,718 outstanding shares excluding treasury stock. The company will announce the results of the share repurchase immediately following the trading session on May 26 at 8:45 am. It should be noted that changes to the number of shares to be acquired will not occur, although market conditions could prevent some or all of the planned purchases from being executed.
The company intends to complete the buyback using sell orders equivalent to the predetermined purchase volume.
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