TSURUMI MANUFACTURING CO.,LTD. [6351.T]
TOKYO, May 12 (Pulse News Wire) – Tsurumi Manufacturing CO.,LTD. (6351.T) announced today that its board of directors, held, approved a share buyback program based on Article 165 of the Companies Act.
The primary reasons for the buyback include enhancing capital efficiency and returning benefits to shareholders while maintaining flexibility in capital policy to adapt to changing business environments. Under the approved plan, the company intends to repurchase up to 1,500,000 shares, representing approximately 0.5% of outstanding shares excluding treasury stock. The total amount spent on the buybacks will be capped at 150 million yen.
The buyback period will commence on May 13, 2026, and conclude on November 11, 2026. Two methods of acquisition will be employed: ToSTNeT-3 off-market transactions and purchases through the Tokyo Stock Exchange. Additional details regarding the ToSTNeT-3 method will be communicated separately upon occurrence.
As of May 11, 2026, the company held 300,000 treasury shares out of a total of 300,000,000 outstanding shares.
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