Toho Co., Ltd.
Notice Regarding the Determination of Matters Relating to Share Buyback and the Cancellation of Treasury Stock (Share Buyback Based on the Provisions of Article 165, Paragraph 2 of the Companies Act and Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)
TOHO CO., LTD. plans to acquire up to 7,500,000 shares (0.89% upper limit) at up to 13 billion yen from April 15 to May 22, 2026, and intends to cancel 30,000,000 shares (3.41%) on April 30, 2026.
Key Figures
- Maximum Number of Shares for Share Buyback: 7,500,000 shares (0.89%)
- Maximum Amount for Share Buyback: 13 billion yen
- Number of Shares to be Cancelled: 30,000,000 shares (3.41%)
AI要約
Overview of Share Buyback and Cancellation
TOHO CO., LTD. has resolved to acquire and cancel treasury stock to improve capital efficiency and enhance shareholder returns based on the "TOHO VISION 2032 TOHO Group Management Strategy." The share buyback involves up to 7,500,000 common shares (upper limit, 0.89% of total outstanding shares) with a maximum purchase value of 13 billion yen. The acquisition period is from April 15 to May 22, 2026. The acquisition methods include off-auction share buyback transactions (ToSTNeT-3) and market purchases under discretionary trading agreements.
Details of Treasury Stock Cancellation and Impact on Shareholders
The company plans to cancel 30,000,000 common shares (3.41% of total outstanding shares before cancellation) on April 30, 2026. As a result of the cancellation, the total number of outstanding shares will decrease from 880 million shares to 850 million shares, and the treasury stock ratio is expected to fall from 4.62% to 2.14%. This is anticipated to improve capital efficiency and enhance shareholder value.
TOHO CO., LTD.
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