TOKYO, Apr 21 (Pulse News Wire) – Obic CO.,LTD. (4684.T) decided on a share buyback plan and cancellation of shares through a resolution made at today’s board meeting.
The decision was based on provisions of the Companies Act applicable to the firm's actions. The reasons for the share repurchase include enhancing capital efficiency and returning benefits to shareholders while enabling flexible capital policy adjustments in response to changing business environments. The total number of shares available for purchase is up to 10,000,000 (representing 2.3% of outstanding shares excluding treasury shares). The total amount allocated for the repurchase is capped at ¥50.00 billion.
The repurchase period runs from April 21, 2026 to April 22, 2026. Additionally, the company resolved to cancel up to 16,000,000 shares, which constitutes 3.2% of its pre-cancellation outstanding shares. The scheduled cancellation dates are May 29, 2026, and March 31, 2027. As of March 31, 2026, the company held 64,666,610 treasury shares out of a total of 433,333,390 outstanding shares excluding treasury shares.
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