TAKAOKA TOKO CO.,LTD. [6617.T]
TOKYO, Apr 28 (Pulse News Wire) – Takaoka Toko CO.,LTD. (6617.T) decided during its board meeting held, to repurchase shares aimed at enhancing shareholder returns and improving capital efficiency.
The company plans to acquire up to 1,300,000 ordinary shares, representing 8.10% of the outstanding shares excluding treasury stock, with a total acquisition cost not exceeding ¥5 billion. The share repurchase period will run from May 01, 2026, to September 30, 2026. Additionally, the company resolved to cancel the acquired treasury shares based on the provisions of the Companies Act.
The number of shares to be canceled will correspond to the total number of shares purchased according to the aforementioned plan. The cancellation date remains undetermined; however, the company will announce it once the repurchase is complete and the cancellation date is finalized. As of March 31, 2026, the company held 224,431 treasury shares out of a total of 16,051,874 outstanding shares excluding treasury stock.
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