TOKYO, Mar 26 (Pulse News Wire) – Toda Corporation (1860.T) completed its share buyback program through the ToSTNeT-3 system on March 26, 2026. The company acquired 4,651,100 shares, representing 1.53% of outstanding shares excluding treasury stock, for a total amount of ¥7 billion.
The buyback was executed based on a resolution passed during the board meeting held on February 13, 2026, which aimed to enhance capital efficiency and shareholder returns. As part of its ongoing commitment to shareholder return policies outlined in its Medium-Term Business Plan 2027, Toda Corporation seeks to achieve a dividend payout ratio of DOE3.5% or more, with a target of 70% overall distribution rate. The completion of this buyback aligns with these goals, aiming to further benefit shareholders and improve capital utilization.
Additionally, the buyback conditions for the issuance of the first tranche of subscription rights to third-party allotment have been finalized according to the resolution made at the March 25, 2026, board meeting. Details of this issuance can be found in today's press release titled “Determination of Conditions for Issuance of Subscription Rights for Third-Party Allotment.” The shares acquired will be canceled entirely in accordance with the resolution approved by the board on February 16, 2026, under Article 178 of the Companies Act. The cancellation process is scheduled to take place on March 30, 2026.
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