Pilot Corporation
Notice Regarding Acquisition and Cancellation of Treasury Stock through Treasury Stock Acquisition and Off-Hours Purchase Transaction (ToSTNeT-3)
Decided on a maximum acquisition of 2,119,000 shares of treasury stock, a maximum acquisition price of 10.6 billion yen, and cancellation of 3,500,000 shares; acquisition scheduled for February 24, 2026, and cancellation on March 31, 2026.
Key Figures
- Maximum Number of Treasury Shares to be Acquired: 2,119,000 shares
- Maximum Acquisition Price for Treasury Shares: 10,600,000,000 yen
- Number of Treasury Shares to be Cancelled: 3,500,000 shares
AI要約
Overview of Capital Policy
Our company aims for a total shareholder return ratio of over 70% in the 2025-2027 Medium-Term Management Plan, with a basic policy to strengthen shareholder returns. At the Board of Directors meeting on February 20, 2026, we resolved to acquire treasury stock under Article 459 of the Companies Act (up to 2,119,000 shares, maximum acquisition price of 10.6 billion yen) and to cancel treasury stock under Article 178 of the Companies Act (3,500,000 shares). The acquisition is scheduled to be conducted on February 24, 2026, via an off-hours purchase transaction (ToSTNeT-3) on the Tokyo Stock Exchange, and the cancellation is planned for March 31, 2026.
Impact on Shareholders and Future Outlook
The acquisition and cancellation of treasury stock aim to improve capital efficiency and enhance shareholder returns. In the fiscal year ending December 2025, approximately 10.5 billion yen was returned to shareholders through dividends and treasury stock acquisitions, achieving a total shareholder return ratio of 87.3%. The fiscal year ending December 2026 will continue progressive dividends and treasury stock acquisitions, pursuing a balance between capital structure safety and efficiency. The number of issued shares will decrease after cancellation, impacting the increase in shares due to the stock split effective July 1, 2026.
