TOKYO, May 12 (Pulse News Wire) – TOKYU CORPORATION (9005.T) announced today that its board of directors, chaired by President Masahiro Horie, approved a share repurchase plan aimed at improving capital efficiency and enhancing per-share equity through reducing the number of outstanding shares. Under the plan, up to 13 million shares ordinary shares, representing 2.28% of the total outstanding shares excluding treasury stock, can be purchased at a total cost of up to ¥20.00 billion.
The repurchase will take place through open-market purchases on the Tokyo Stock Exchange from May 13, 2026 to March 31, 2027. As of March 31, 2026, the company had 54,920,992 treasury shares out of a total of 569,948,884 outstanding shares.
The company includes shares held by employee trust accounts and management compensation trusts within its definition of treasury stock. This initiative underscores TOKYU's commitment to optimizing shareholder value and streamlining its capital structure.
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