TOKYO STEEL MANUFACTURING CO.,LTD. [5423.T]
TOKYO, Apr 24 (Pulse News Wire) – Tokyo Steel Manufacturing CO.,LTD. (5423.T) announced today that its board of directors, held, resolved to repurchase up to 1,500,000 shares of its common stock, representing 1.46% of the outstanding shares excluding treasury shares.
The total value of the buyback is capped at ¥2.700 billion. The repurchase program is set to run from May 1, 2026, to September 30, 2026, aimed at executing flexible capital policies.
As of March 31, 2026, the company had 7,544,134 treasury shares out of a total of 102,520,115 outstanding shares excluding treasury shares. This move underscores the company's strategic approach to managing its capital structure effectively.
🟢 Confidence: High AI-translated content.