TOKYO, Mar 27 (Pulse News Wire) – Noritz Corporation (5943.T) announced today that its board of directors, convened immediately following the conclusion of the 76th Annual General Meeting of Shareholders, resolved to continue its policy concerning large-scale share purchases aimed at addressing potential acquisitions. This decision follows the approval of the initial policy at the 75th annual meeting held on March 27, 2025, which was subsequently revised and approved during a board meeting on February 13, 2025.
According to the policy, regular reviews of the continuation, modification, or termination of the buyback plan will take place annually at the first board meeting following the annual shareholders' meeting. The effective duration of the policy extends until the end of the next board meeting following the 2028 annual general meeting.
However, the policy could be terminated earlier if either the shareholders’ meeting or the board resolves to do so. Similarly, changes to the policy would require shareholder resolution.
In light of the newly appointed board members elected at the recent annual meeting, the board unanimously decided to maintain the existing policy.
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