TOKYO, May 15 (Pulse News Wire) – Nippon GAS CO.,LTD. (8174.T) announced today that its board of directors, chaired by President Kunihiro Kashiya, approved a share repurchase program aimed at enhancing shareholder returns and improving capital efficiency.
The company plans to repurchase up to 14.89 million shares, representing approximately 2.89% of its outstanding shares excluding treasury stock. The total value of the repurchases is capped at 148.9 billion yen. The repurchase period will run from May 18, 2026, to March 31, 2027.
This initiative aligns with NIPPON GAS's three-year plan outlined in April 2026, which prioritizes Return on Equity (ROE) as a key performance indicator. The strategy focuses on balancing aggressive growth investments with high returns to shareholders while ensuring efficient capital management. As of April 2026, the company had a total of 512.1 million shares outstanding, excluding treasury stock.
Additionally, NIPPON GAS held ¥1.07 million treasury shares, including those held by the executive compensation trust fund.
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