TOKYO, May 08 (Pulse News Wire) – Osaka GAS CO.,LTD. (9532.T) announced today that its board of directors, held on May 08, 2026, resolved to repurchase up to 14,890,000 shares of its common stock based on the provisions of Article 165, Paragraph 3 of the Companies Act, read as Article 156.
The total value of the repurchased shares will not exceed ¥148 billion. The primary reasons for this decision align with the company's shareholder return policy aimed at enhancing capital efficiency.
The repurchase program will run from May 11, 2026, to March 31, 2027. As of April 30, 2026, the company had a total of 1,507,669,400 outstanding shares, out of which 15,076,694 were self-held shares.
While some of the acquired shares might be retained within necessary limits for employee share-based compensation programs, the majority will typically be canceled.
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