TOKYO, May 08 (Pulse News Wire) – NICHIDEN Corporation (9902.T) decided today to repurchase up to 600,000 shares of its common stock, representing 2.03% of outstanding shares excluding treasury shares, during the period from June 01, 2026, to December 23, 2026. The total cost of the buyback is capped at ¥2 billion.
The decision was made at a board meeting held on May 08, 2026. The company also resolved to cancel all acquired treasury shares on March 31, 2027, based on the provisions of the Companies Act.
The move aims to enhance capital efficiency and strengthen shareholder returns in response to changing business environments. As of March 31, 2026, NICHIDEN had 462,472 treasury shares out of a total of 29,538,328 outstanding shares excluding treasury shares.
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