Sumitomo Metal Mining Completes Share Repurchase and Announces Share Cancellation

Sumitomo Metal Mining Co.,Ltd. [5713.T]

TOKYO, Jun 01 (Pulse News Wire) – Sumitomo Metal Mining CO.,LTD. (5713.T) completed its share repurchase program based on a resolution passed at the May 11 board meeting.

During the period from May 12, 2026, to May 28, 2026, the company acquired a total of 2,065,800 shares, amounting to ¥20.00 billion. Additionally, the company has finalized the cancellation of 2,065,800 shares, representing 0.71% of the outstanding shares prior to cancellation. The cancellation is scheduled for September 30, 2026, reducing the total number of outstanding shares to 288,748,215.

At the May 11 board meeting, the company had set a cap of 4,000,000 shares for repurchase, which was equivalent to 1.48% of the outstanding shares excluding treasury stock. The total acquisition cost was capped at ¥20.00 billion. The repurchase was conducted through open-market purchases under a discretionary trading agreement during the period from May 12, 2026, to July 31, 2026.

Original Disclosure (PDF)

🟢 Confidence: High AI-translated content.