MITSUBISHI PENCIL COMPANY,LIMITED [7976.T]
TOKYO, May 01 (Pulse News Wire) – Mitsubishi Pencil Company,limited (7976.T) completed its share repurchase program aimed at enhancing capital efficiency and flexibility in capital policy. The company bought back 4,190,200 shares, representing 7.3% of the outstanding shares (excluding treasury shares).
The total acquisition cost was ¥9.780 billion. The repurchase was conducted through the ToSTNeT-3 system on May 01, 2026. This concludes the share buyback plan approved by the board of directors on April 30, 2026. The initiative combines share repurchases with the issuance of subscription rights and convertible bonds to third parties, balancing short-term market impact with long-term growth investments.
The goal is to maximize enterprise value and benefit shareholders. In detail, the repurchased shares amount to 4,190,200, which constitutes 7.3% of the outstanding shares. The total expenditure for the repurchase was ¥9.780 billion. The repurchase was executed on May 01, 2026 via the ToSTNeT-3 system.
The initial resolution set a cap of 4,200,000 shares, equivalent to 7.4% of the outstanding shares, with a maximum purchase price of ¥9.803 billion.
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