YOKOGAWA ELECTRIC CORPORATION [6841.T]
TOKYO, May 07 (Pulse News Wire) – Yokogawa Electric Corporation (6841.T) announced today that its board of directors has approved a share buyback program based on Article 165(3) of the Companies Act, which allows for self-share repurchase according to the provisions of Article 156. The primary reason for the buyback is to strengthen the company's capital structure while maintaining its growth investment strategy outlined in its mid-term plan, Growth for Sustainability 2028 (GS2028).
Despite strong performance since the launch of GS2028 and favorable exchange rate impacts, the company believes it has sufficient liquidity to support future investments and risk management. As such, the buyback is seen as part of a broader capital policy aimed at enhancing shareholder returns and improving capital efficiency. Under the approved program, Yokogawa Electric plans to repurchase up to 2,500,000 ordinary shares, representing approximately 2.5% of its outstanding shares excluding treasury stock.
The total value of the buyback is capped at 25 billion yen. The buyback period runs from May 08 until September 30, 2026, and will be conducted through open-market purchases on the Tokyo Stock Exchange. As of March 31, 2026, the company held 2,572,843 treasury shares out of a total of 102,572,843 outstanding shares.
The company remains committed to its cash allocation strategy, prioritizing long-term value creation and maximizing shareholder returns while ensuring flexibility in its capital management approach.
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