Sumitomo Warehouse to Buy Back Up to 1.5 Million Shares Starting May 13

TOKYO, May 12 (Pulse News Wire) – The Sumitomo Warehouse CO.,LTD. (9303.T) announced today that its board of directors, meeting on May 12, resolved to repurchase up to 1.5 million shares of its common stock.

This decision is aimed at enhancing shareholder returns and improving capital efficiency. The total value of the potential buyback is capped at ¥15 billion. The repurchase program will commence on May 13, 2026, and continue until May 12, 2027. It will be executed through open-market purchases.

Additionally, the company plans to retain enough restricted share-based compensation to meet ongoing needs and intends to cancel any excess shares. As of March 24, 2027, the company had 263,411,468 ordinary shares outstanding excluding treasury shares. At that time, the company held 395,119 treasury shares. Details regarding the cancellation of treasury shares will be disclosed upon final determination.