Toabo Corporation
Notice of Recording Gains on the Sale of Investment Securities (Special Profit)
Acquired shares: 63,800 common shares, total amount JPY 32,371,200; acquisition period: June 1–15, 2024; method: market purchase. Regarding the approved upper limit of 200,000 shares and total amount of JPY 120,000,000 at the resolution on March 27, the actual result was about 32% of the limit, and the acquisition has been completed.
Key Figures
- 63,800 shares
- 32,371,200 JPY
- June 1, 2024 – June 15, 2024
AI要約
Overview of Acquisition Status
The Company, based on a resolution of the Board of Directors, conducted acquisition of treasury shares, acquiring 63,800 shares via market purchases from June 1, 2024 to June 15, 2024. Total acquisition price was JPY 32,371,200, and progress toward the ceiling of 200,000 shares / JPY 120,000,000 is approximately 32%, with the program completed. No further acquisitions are planned at this time.
Background and Impact
The acquisition was conducted as part of shareholder return initiatives, aimed at mitigating dilution and optimizing the use of treasury stock. Although the cumulative acquisitions as of the end of the acquisition period have not reached the upper limit, they have been completed within the pre-approved ceiling. There is no detailed financial impact shown in the materials; the expected direct effects on finances include a reduction in cash and changes in shareholders’ equity attributable to treasury shares.
TOA Spinning Co., Ltd.
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