Recruit Holdings Co.,Ltd. [6098.T]
TOKYO, Mar 31 (Pulse News Wire) – Recruit Holdings CO.,LTD. (6098.T) decided on March 31 to launch a share buyback program aimed at improving capital efficiency and enhancing shareholder returns.
The program allows for the purchase of up to 64,000,000 shares, representing 4.58% of outstanding shares excluding treasury stocks. The total acquisition cost is capped at ¥350.0 billion. The buyback period runs from April 1, 2026, until November 30, 2026, or earlier if either the number of shares or the total acquisition amount reaches its limit.
The company plans to execute the buybacks through securities firms' agency trading methods on the Tokyo Stock Exchange and potentially via ToSTNeT-3, depending on investment opportunities and market conditions. This decision aligns with Recruit's capital allocation strategy, considering future investment capacity, stock price levels, market environment, and financial outlook. The acquired shares may be used for exercising preemptive rights, employee stock options, strategic mergers and acquisitions, or retired.
Additionally, the company resolved to retire 91,408,000 shares on March 23, reducing the remaining treasury stock to 76,290,699.
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