TOKYO, May 27 (Pulse News Wire) – Nihon Plast CO.,LTD. (7291.T) resolved at its board meeting held on May 27 to repurchase shares based on Article 165, Paragraph 3 of the Companies Act.
The move aims to mitigate short-term impacts on share supply due to shareholder sales and reduce effects on existing shareholders while enabling flexible capital policy adjustments. The company plans to execute the buyback through the TO-STNET-3 platform on May 28 at 8:45 AM. The total number of shares to be repurchased is 77,500 (representing 0.40 percent of outstanding shares excluding treasury stock). The aggregate value of the repurchase is ¥36.0 million.
The results will be disclosed immediately after the trading session ends at 8:45 AM. As of March 31, the company had 19,237,296 outstanding shares excluding treasury stock, with 172,704 treasury shares held. Notably, 331,800 shares related to the stock grant trust program managed by Sumitomo Mitsui Trust Bank (Trust E Account) are excluded from the reported treasury holdings. This initiative underscores NIHON PLAST's commitment to maintaining stable share prices and enhancing shareholder value.
🟢 Confidence: High AI-translated content.