OCEAN SYSTEM CORPORATION [3096.T]
TOKYO, Jun 16 (Pulse News Wire) – Ocean System Corporation (3096.T) announced today that its board of directors, chaired by President Katsuhito Higuchi, resolved to repurchase up to 57,000 shares of its common stock through a private placement outside the trading session on June 17, 2026, at 8:45 AM. The repurchase price would not exceed ¥100 million.
This decision was made based on the company's articles of incorporation, which allow such actions under Article 459, Paragraph 1 of the Companies Act. The move aims to enhance capital efficiency and enable flexible capital policy adjustments in response to future changes in the operating environment. As of March 31, 2026, the total number of outstanding shares excluding treasury shares stood at 9,375,850, while the company held 1,457,150 treasury shares. The buyback transaction will take place exclusively via ToSTNeT-3, without altering the existing trading system or time frame.
Any changes in market conditions could affect the execution of the entire or partial buyback plan. Additionally, the company received notice from shareholder HKY Co., Ltd. expressing intent to tender their holdings of Ocean System’s common stock towards the buyback offer. Following the completion of the trade on June 17, 2026, at 8:45 AM, the results of the share repurchase will be publicly disclosed.
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