TOKYO, Jun 16 (Pulse News Wire) – SmartDrive Inc. (5137.T) announced today that its board of directors has approved a share buyback program aimed at enhancing shareholder returns and improving capital efficiency.
The decision was made considering the current stock price trends and financial conditions. Under the plan, up to 1,580,000 ordinary shares (representing 4.2% of outstanding shares excluding treasury shares) will be purchased at a total cost not exceeding ¥300 million.
The buyback will take place through open-market purchases on the Tokyo Stock Exchange from June 17, 2026 to July 16, 2026. As of June 16, 2026, the company had 37,632,852 outstanding shares excluding treasury shares, and held 326,628 treasury shares.
This initiative underscores SmartDrive's commitment to maintaining a robust capital structure while providing flexibility for future strategic investments.
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