Nippon Yusen Kabushiki Kaisha Completes Share Repurchase; Announces Share Cancellation

TOKYO, May 07 (Pulse News Wire) – Nippon Yusen Kabushiki Kaisha (9101.T) completed its share repurchase program decided at the board meeting held on May 08, 2025. The company purchased a total of 1,934,800 shares during the period from April 01, 2026, to April 30, 2026, through a market buyback arrangement based on a mandate agreement with the Tokyo Stock Exchange.

The total cost of the repurchased shares was ¥11.59 billion. Additionally, the company finalized the number of shares to be cancelled, which was determined on March 12, 2026. A total of 3,458,300 shares, representing 0.85% of the outstanding shares prior to cancellation (408,780,000), will be cancelled on May 29, 2026. Following this cancellation, the total number of outstanding shares will be reduced to 405,321,700. This action concludes the share repurchase and cancellation process initiated by the resolution passed at the May 08, 2025, board meeting.

The initial decision allowed for the repurchase of up to 48,000,000 ordinary shares, equivalent to 11.1% of the outstanding shares excluding treasury shares, with a total value cap of ¥150.0 billion. The repurchase period was set from May 09, 2025 to April 30, 2026. As of April 30, 2026, the company had cumulatively acquired 28,779,900 shares, including 3,458,300 shares obtained in March and April 2026. The total expenditure for these acquisitions amounted to ¥150.0 billion. The first batch of cancellations, comprising 25,321,600 shares, was executed on March 25, 2026, while the second batch is scheduled for May 29, 2026.