SENSHU ELECTRIC CO.,LTD. [9824.T]
TOKYO, Apr 24 (Pulse News Wire) – Senshu Electric CO.,LTD. (9824.T) announced today that its board of directors, held, approved a share buyback program based on Article 165(3) of the Companies Act, which is deemed equivalent to Article 156 of the same act.
The primary reasons for the buyback include enhancing shareholder returns, improving capital efficiency, and implementing flexible capital policies in response to changing business environments. Under the plan, up to 917,833 shares, representing approximately 0.25% of outstanding shares excluding treasury stock, can be repurchased at a total cost not exceeding ¥999 million.
The buyback period will run from May 1, 2026, to October 31, 2026, through open-market purchases on the Tokyo Stock Exchange. As of April 23, 2026, Senshu Electric had 366,325,167 ordinary shares outstanding, excluding treasury stock, and held 917,833 treasury shares.
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