TOKYO, Mar 31 (Pulse News Wire) – Morpho,inc. (3653.T) announced today that its board of directors, held , resolved to repurchase shares based on Article 459, Paragraph 1 of the Companies Act and Article 7 of the company's articles of incorporation.
The repurchase is aimed at acquiring Denso Corporation’s held shares due to the expiration of their technology partnership agreement and enhancing capital efficiency and sustainable corporate value. The buyback will occur through the ToSTNeT-3 system on April 1, 2026, at 8:45 AM, with a target price set at the closing price of March 31, 2026. The total number of shares available for purchase is up to 140,000 ordinary shares, representing 2.67% of the outstanding shares excluding treasury stock. The maximum amount for the share repurchase is capped at ¥110 million. The results of the transaction will be disclosed immediately after the trading session ends on April 1, 2026.
Additionally, the company anticipates changes in major shareholders due to the planned repurchase. As a result, Hiroyoshi Hiraga, currently holding 5,210 voting rights (equivalent to 521,018 shares), will move to hold 5,210 voting rights (equivalent to 521,018 shares). Post-repurchase, his voting rights will represent 10.15% of the total shareholder voting rights, maintaining the top position among major shareholders. The total number of voting rights will decrease by 1,400 (equivalent to 140,000) if the repurchase reaches its limit. The company expects no impact on its performance from these changes.
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