SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) [8053.T]
TOKYO, Jun 01 (Pulse News Wire) – Sumitomo Corporation (sumitomo Shoji Kaisha,ltd.) (8053.T) announced today that it had completed the repurchase of its own shares as per a resolution made during its board meeting held on May 1, 2026. According to the resolution, the company aimed to acquire up to 22 million shares ordinary shares, representing approximately 1.8% percent of its outstanding shares excluding treasury stocks.
The total acquisition cost was capped at ¥80.00 billion. In the period from May 7 to May 29, 2026, based on agreements, Sumitomo Corporation (sumitomo Shoji Kaisha,ltd.) purchased a total of 3,789,200 shares, amounting to a total value of 27,329,467,¥100. As of May 29, the cumulative number of shares acquired reached 3,789 200 shares, with a total expenditure of 27,329,467,¥100.
This buyback operation adheres to the provisions outlined in Article 165, Paragraph 3 of the Companies Act, which allows for the application of Article 156 of the same act. The company plans to continue purchasing its shares through open-market purchases on the Tokyo Stock Exchange until March 31, 2027. Following the share split effective July 1, 2026, the upper limit for the number of shares to be acquired will be reduced to 8,8 million shares.
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