TOKYO, May 14 (Pulse News Wire) – SMC Corporation (6273.T) announced today that its board of directors has approved a share buyback plan based on Article 165, Paragraph 3 of the Companies Act, which applies provisions similar to those outlined in Article 156 of the same act. The primary reasons for the buyback include enhancing shareholder returns, improving capital efficiency, and utilizing shares as substitutes for treasury stock.
Under the plan, up to 800,000 shares ordinary shares (representing 1.3% of outstanding shares excluding treasury shares) can be repurchased at a total cost not exceeding ¥50.00 billion. The buyback period will run from May 20, 2026 to March 24, 2027.
The company plans to execute the buybacks through open-market purchases on the Tokyo Stock Exchange. However, due to market conditions, some or all of the planned buybacks might not occur.
As of April 30, 2026, the number of outstanding shares excluding treasury shares was 63,150,259, while the company held 719,100 treasury shares.
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