JX Metals Completes Share Buyback｜June 2026

Overview of the Business Performance

This pertains to the results of a public tender offer for treasury stock conducted by JX Metals, with the buyback period from May 21 to June 17, 2026. The purchase price was set at 3,401 yen per share, with the number of shares applied for totaling 57,274,900 shares and the total sale proceeds approximately 194.8 billion yen. The purchase price was calculated by applying a 10% discount to the lower of the average stock price during the period and the closing price as of May 20, 2026. As a result of the buyback, the number of owned shares decreased from 393,529,002 shares to 336,254,102 shares, and the ownership ratio declined from 42.38% to 35.28%.

Impact on Shareholders and Future Outlook

The share buyback reduced the number of owned shares by approximately 57,275,000 shares, with an ownership ratio decreasing by approximately 6.01%. The total sale amount was about 194.8 billion yen. The expected impact on future performance includes a positive influence of approximately 86 billion yen on consolidated operating income for the fiscal year ending March 2027. The buyback period was from May 21 to June 17, 2026, with settlement scheduled for July 9, 2026.