Nippon Densetsu Kogyo To Buy Back Up to 1.5 Million Shares, Cancel Some

TOKYO, Jul 31 (Pulse News Wire) – Nippon Densetsu Kogyo CO.,LTD. (1950.T) resolved at a July 31 board meeting to repurchase up to 1,500,000 shares of its common stock through private negotiations on August 3, 2026, based on the closing price of July 31, 2026.

The total cost of the buyback would be capped at ¥5.656 billion. The company also decided to cancel some of the acquired treasury shares and existing treasury shares, totaling 2,000,000 shares, representing 3.25% of the outstanding share count prior to cancellation. The cancellation is scheduled for August 31, 2026.

This move aims to enhance corporate value and improve capital efficiency while furthering shareholder returns. The resolution was made considering the overall operating environment and financial conditions. The results of the buyback will be disclosed immediately after trading ends on August 3, 2026.

As of March 31, 2026, the company held 1,624,146 treasury shares out of a total outstanding share count (excluding treasury shares) of 59,913,073.