Sumitomo Corporation
Notice Regarding the Status of Treasury Stock Acquisition (Share Buyback Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)
Sumitomo Corporation, based on the Board of Directors resolution on May 1, 2025, plans to acquire treasury stock up to 35 million shares (approximately 2.9% of total outstanding shares) and up to 80 billion yen between May 2, 2025 and March 31, 2026. As of August 29, no shares or amount have been acquired.
Key Figures
- Total Number of Shares to be Acquired (Upper Limit): 35 million shares (approximately 2.9% of total outstanding shares)
- Total Acquisition Price of Shares (Upper Limit): 80 billion yen
- Acquisition Period: May 2, 2025 – March 31, 2026
AI要約
Overview of Capital Policy
Sumitomo Corporation resolved at its Board of Directors meeting on May 1, 2025 to acquire treasury stock based on Article 165, Paragraph 3 of the Companies Act. The acquisition targets the Company's common shares, with an acquisition limit set at 35 million shares (approximately 2.9% of the total outstanding shares) and a total acquisition price cap of 80 billion yen. The acquisition period is from May 2, 2025 to March 31, 2026. Between August 1 and August 29, 2025, no shares were acquired and no amount was spent, indicating that treasury stock acquisition has not yet been executed.
Impact on Shareholders and Future Outlook
This treasury stock acquisition framework corresponds to approximately 2.9% of the total outstanding shares and aims to enhance shareholder returns using up to 80 billion yen of capital. While no acquisition has occurred to date, acquisitions may proceed in response to future market conditions and management decisions. If executed, the acquisition is expected to suppress share dilution and improve per-share financial indicators. The acquisition period extends until March 31, 2026, and updates on acquisition status will continue to attract attention.
