TOKYO, May 12 (Pulse News Wire) – Oiles Corporation (6282.T) announced today that its board of directors, held, resolved to repurchase up to 1.5 million shares of its common stock. The decision was made based on Article 165(3) of the Companies Act, read as Article 156 of the same act.
The primary reasons for the share repurchase are to enhance shareholder returns and improve capital efficiency. The total number of shares that can be acquired is limited to ¥1.5 million, which represents approximately 1.5% of the outstanding shares excluding treasury shares.
The aggregate amount for the repurchase is capped at ¥15 billion. The repurchase period will run from May 18, 2026, to September 18, 2026, and will be conducted through open-market purchases on the Tokyo Stock Exchange.
As of April 30, 2026, the company had a total of 100 million outstanding shares excluding treasury shares, and held 500,000 treasury shares.
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