Totech Completes Share Repurchase for Restricted Stock Awards

TOKYO, Jul 17 (Pulse News Wire) – TOTECH CORPORATION (9960.T) completed the share repurchase process related to restricted stock awards . The transaction involved the repurchase of ordinary shares totaling 4,400 at a price of ¥3,960 per share, resulting in a total repurchase value of ¥17.4 million.

The shares were transferred to three directors of the company, excluding audit committee members and outside directors. Details of the transaction were previously disclosed in a June 24, 2026 press release.

This move aligns with TOTECH's strategy to incentivize key management through equity-based compensation plans. The repurchased shares are subject to certain transfer restrictions designed to ensure long-term commitment from the recipients.