TOKYO, May 11 (Pulse News Wire) – Nansin CO.,LTD. (7399.T) completed its share repurchase program , in accordance with the resolution passed at the board meeting held on May 8, 2023.
The repurchase aimed to enhance capital efficiency and return value to shareholders. Under the program, Nansin acquired a total of 283,500 shares through the ToSTNeT-3 system, representing 4.2% of the outstanding shares excluding treasury stock.
The total cost of the repurchased shares was ¥162.7 million. The initial plan approved by the board allowed for the purchase of up to 300,000 shares, equivalent to 4.5% of the outstanding shares excluding treasury stock, with a cap of ¥172.2 million on the total acquisition amount.
The company executed the final buyback transaction on May 11, marking the conclusion of the repurchase initiative.
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