TOKYO, Jun 01 (Pulse News Wire) – United Arrows Ltd. (7606.T) announced that its board of directors decided on May 11 to repurchase up to 1,489,000 ordinary shares, representing approximately 2.04% of outstanding shares excluding treasury stock, based on Article 165(2) of the Companies Act.
The total acquisition amount was set at up to ¥20.83 billion, with the repurchase period running from May 12 to August 31, 2026, through open-market purchases on the Tokyo Stock Exchange. As of May 31, however, the company reported that no shares had been acquired yet, with the total value of purchased shares remaining at ¥0.
The decision was made during a board meeting held on May 11, which also outlined the conditions for the share buyback program. United Arrows' IR Director Shinichi Mitsui stated that while no transactions have occurred so far, the company remains committed to executing the plan within the stipulated timeframe.
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