TOKYO, May 13 (Pulse News Wire) – Takada Corporation (1966.T) announced today that its board of directors, held , resolved to repurchase up to 1,000,000 shares of its common stock. This decision was made based on provisions outlined in Article 165, Paragraph 2 of the Companies Act, which allows for share repurchases under certain conditions.
The repurchased shares will be used to deliver restricted stock grants to the company's internal directors and executive officers who do not hold director positions. The total value of the repurchase is capped at ¥1 billion, representing approximately 0.1% of the outstanding shares excluding treasury shares.
The repurchase program will run from May 14, 2026, to June 30, 2026, through open-market purchases on the Tokyo Stock Exchange. As of March 31, 2026, the company had 9,907 treasury shares out of a total of 1,000,000,000 outstanding shares.
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