Nakabohtec Corrosion Completes Share Repurchase Amid Capital Tie-Up with Hyulic

TOKYO, Aug 04 (Pulse News Wire) – Nakabohtec Corrosion Protecting CO.,LTD. (1787.T) completed its share repurchase program on August 04, 2026 following the conclusion of a capital tie-up agreement with Hyulic Corp.

(2083.T). The company acquired 290,500 shares through the Tokyo Stock Exchange's ToSTNET-3 system, representing 11.85% of outstanding shares excluding treasury stock. This repurchase was initiated to mitigate potential market supply-demand impacts resulting from Mitsui Metal Industries' (2084.T) intention to sell all of its holdings in Nakabohtec.

As part of this transaction, Nakabohtec also resolved to terminate its capital technology alliance with Mitsui Metal, which was decided during the board meeting held on August 03, 2026. In addition to the repurchase, Nakabohtec reported receiving notification from Mitsui Metal regarding the sale of some of its Nakabohtec shares (190,000). The total cost of the repurchased shares amounted to ¥1.723 billion.

The company had initially set a cap of acquiring up to 290,500 shares, equivalent to 11.85% of outstanding shares excluding treasury stock, with a maximum value of ¥1.723 billion.