Sumitomo Metal Mining Co.,Ltd. [5713.T]
TOKYO, May 11 (Pulse News Wire) – Sumitomo Metal Mining CO.,LTD. (5713.T) resolved today during its board meeting to repurchase shares based on its financial strategy and shareholder return policy disclosed on February 09, 2026.
The aim is to optimize capital structure, enhance capital efficiency, and improve shareholder returns. Under the resolution, the company plans to repurchase up to 4,000,000 ordinary shares, representing 1.48% of outstanding shares excluding treasury stock. The total amount for share repurchases is capped at ¥20.00 billion.
Repurchasing activities will take place through market purchases on the trading floor according to a discretionary agreement, from May 12, 2026, to July 31, 2026. Additionally, the company decided to cancel all acquired treasury shares on September 30, 2026. As of March 31, 2026, the company held 20,264,282 treasury shares out of a total of 270,549,733 outstanding shares excluding treasury stock.
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