Nitto Denko Corporation

6988.T
Specialty Chemicals
2026/07/24 Updated
Market Cap: $13.4B (¥2.2T)
Stock Price: $20.24 (¥3,318)
Exchange Rate: 1 USD = ¥163.93

Announcement Regarding the Status of Share Buybacks

The ordinary shares acquired amount to 3,606,600 shares, with a total value of 10,939,644,956 yen. Acquisition method: market purchases, period: 2026/6/1 to 2026/6/30. By way of reference, the Board of Directors resolution on 2026/3/30 set an upper limit of 20,000,000 shares (2.97% of issued shares) and up to 50 billion yen, with the period from 2026/4/8 to 2026/8/31. Cumulative totals as of 2026/6/30: 9,446,500 shares, total value 29,439,320,456 yen.

Importance:
Page Updated: July 10, 2026
IR Disclosure Date: July 10, 2026

Key Figures

  • Number of shares acquired: 3,606,600 shares
  • Total value of shares acquired: 10,939,644,956 yen
  • Cumulative shares acquired: 9,446,500 shares

AI要約

Overview of the acquisition

Nitto Denko Corporation acquired its treasury stock of common shares through market purchases from June 1 to June 30, 2026. The total number of shares acquired is 3,606,600, with a total acquisition value of 10,939,644,956 yen, conducted within the upper limits set by the Board resolution. The resolution on March 30, 2026 set an upper limit of 20,000,000 shares and up to 50 billion yen, with the acquisition period from April 8, 2026 to August 31, 2026. Cumulatively, as of June 30, 2026, 9,446,500 shares were acquired, totaling 29,439,320,456 yen.

Outlook and impact on shareholders

This share buyback is part of the company's capital policy, aimed at mitigating dilution and enhancing shareholder value. Since cumulative acquisitions have not yet reached the upper limit of approximately 47.2%, further acquisitions in terms of whether and scale will continue to be monitored. The acquisition period remains within the disclosed timeframe, and any additional buybacks would be announced through IR communications.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.

Nitto Denko Corporation

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