TOKYO, May 11 (Pulse News Wire) – NichiAs Corporation (5393.T) resolved at its board meeting held on May 11 to repurchase up to 1,489,000 shares of its common stock, representing approximately 1.00% of the outstanding shares excluding treasury shares. The total amount for the share repurchase is capped at ¥14.89 billion.
The repurchase period will run from May 12 to September 30 through open-market purchases on the Tokyo Stock Exchange. This decision aims to enhance shareholder returns and improve capital efficiency.
All acquired shares will be retired once the timing is determined, which will be communicated separately. As of April 30, the company held 1,896,869 treasury shares out of a total of 148,900,000 outstanding shares excluding treasury shares.
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