Idemitsu Kosan Co.,Ltd.
Notice of Completion of Post-Adjustment for Accelerated Share Repurchase (ASR)
The final number of shares acquired after post-adjustment is 65,529,800 shares, with a reference amount of 59,777,870,000 yen, and an average share price of 1,055.0211 yen (99.4% of the VWAP from March 21, 2025 to March 13, 2026).
Key Figures
- Final Number of Shares Acquired: 65,529,800 shares (after post-adjustment)
- Reference Amount: 59,777,870,000 yen
- Average Share Price: 1,055.0211 yen (99.4% of VWAP from March 21, 2025 to March 13, 2026)
AI要約
Overview of Capital Policy
Idemitsu Kosan Co., Ltd. completed the post-adjustment for its Accelerated Share Repurchase (ASR) announced on March 18, 2025, finalizing the number of shares acquired at 65,529,800 shares. The reference amount is 59,777,870,000 yen, and the average share price is 1,055.0211 yen, calculated by multiplying 99.4% by the simple average of the VWAP from March 21, 2025 to March 13, 2026. The adjustment increased the number of shares by 4,792,300 shares, which were acquired free of charge from holders of stock acquisition rights.
Impact on Shareholders
This treasury stock acquisition is expected to reduce the number of outstanding shares and enhance value per share. Shares were acquired not only from Daiwa Securities Co., Ltd. but also from other parties, aiming to improve capital efficiency. Specific details regarding dilution rates and the use of funds have not been disclosed.
