Nippon Densetsu Kogyo TO COMPLETE SHARE REPURCHASE AND ANNOUNCES SHARE CANCELLATION

TOKYO, Aug 03 (Pulse News Wire) – Nippon Densetsu Kogyo CO.,LTD. (1950.T) completed its share repurchase program on August 03, 2026, acquiring a total of 1,200,000 shares at a price of ¥4,040 per share.

The repurchased shares represent 2.00% of the outstanding shares excluding treasury stock. Additionally, the company announced the cancellation of 2,000,000 shares, which account for 3.25% of the pre-cancellation outstanding shares.

The cancellation is set to take place on July 31, 2026. The decision to repurchase and cancel shares was made to enhance corporate value and improve capital efficiency, aligning with the company's commitment to shareholder returns.

The repurchase and cancellation follow resolutions passed during the board meeting held on July 31, 2026.