Buffalo Inc.
Notice Regarding Treasury Stock Acquisition via Off-Market ToSTNeT-3, Tender Offer and Market Purchases
Buffalo Inc. will conduct treasury stock acquisitions from April 2026 through April 2027. Set limits: ToSTNeT-3 off-market matching up to 1,000,000 shares, tender offer up to 3,000,000 shares, market purchases up to 14,000,000 shares. Total acquisition amount initially assumed at 11.2 billion yen, with an upper extension to 14.0 billion yen. Purpose is to optimize capital efficiency and shareholder returns targeting ROE above 15%. Emphasis on restraining foreign investor ratio, maintaining free-float, and stabilizing circulating shares ratio. Tender offer start date is set as 2026-11-19.
Key Figures
- Total number of treasury shares to be acquired: 4,000,000 shares (upper limit)
- Planned number of shares to be purchased by tender offer: 2,999,900 shares
- Upper limit of total acquisition amount: 14,000,000,000 yen (upper limit)
AI要約
Capital Policy and Overview of Treasury Stock Acquisition
Buffalo Inc. has resolved to expand its treasury stock acquisition program and implement a combination of ToSTNeT-3 off-market transactions, a tender offer, and market purchases to optimize capital cost and enhance shareholder returns. The total number of shares to be acquired is up to 4,000,000 shares, and the upper limit on the total amount is 14,000,000,000 yen, covering the period from May 15, 2026 to April 30, 2027. The tender offer is planned to commence on 2026-11-19, with a planned purchase quantity of 2,999,900 shares and a policy to increase the total upper limit to 14.0 billion yen.
Policy, Risk Management and Future Outlook
The company promotes a capital policy targeting ROE of more than 15%, placing importance on reducing the ratio of foreign investors, stabilizing the market capitalization of the free-float, and maintaining the ratio of circulating shares. Taking into account shareholdings by entities such as Effissimo, ECM and the Melco Group, the company will ensure equal opportunity for external shareholders to tender while considering discount strategies to minimize the impact on shareholder composition. The tender offer start date and discount rate will be determined based on market data, and all funds for the purchases are planned to be covered by the company’s own funds.
Buffalo Inc.
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