Business
Okabe : Notice of Status and Completion of Buyback of Treasury Shares
Okabe : Notice of Status and Completion of Buyback of Treasury
About this update from Okabe Co., Ltd.
[{"type":"text","content":"\n For Immediate Release\n \n \n \n Company name Okabe Co., Ltd.\n \n \n May 2, 2025\n \n \n Representative Hirohide Kawase, Representative Director,\n \n \n President and Chief Executive Officer\n \n \n (Securities Code: 5959, TSE Prime Market)\n \n \n Contact Hisanori Ekawa, Director, Operating Officer\n and Executive General Manager of Administrative Division\n \n \n (TEL. +81-3-3624-5119)\n \n \n \n Notice of Status and Completion of Buyback of Treasury Shares\n \n \n (Buyback of Treasury Shares Based on the Provisions of the Articles of Incorporation Specified in Paragraph (2), Article 165 of the Companies Act)\n \n \n \n Okabe Co., Ltd. (the \"Company\") announces that it implemented the buyback of treasury shares based on the provisions of Article 156 of the Companies Act, which are applied by replacing terms and phrases pursuant to the provisions of paragraph (3), Article 165 of the same Act. Details are as follows.\n \n \n The Company also announces that we have completed the buyback of treasury shares according to the resolution at a meeting of the Board of Directors held on February 14, 2025 including the following buyback.\n \n \n Type of shares bought back : Common shares of the Company\n \n \n Total number of shares bought back : 12,900 shares\n \n \n Total value of shares bought back : 11,316,300 yen\n \n \n Period of buyback : May 1, 2025\n \n \n (on a contract execution date basis)\n \n \n Method of buyback : Purchase at the Tokyo Stock Exchange\n \n \n (Discretionary investment through a securities company)\n \n \n (Ref.)\n \n \n Details of the Board of Directors' meeting held on February 14, 2025.\n \n \n Class of stock to be purchased : Common stock of the Company\n \n \n Total number of stock to be acquired : 850,000 shares (maximum)\n \n \n (1.83% of the total number of outstanding shares (excluding treasury stock))\n \n \n Total acquisition amount : 600 million yen (maximum)\n \n \n Acquisition period : From February 17, 2025 to July 18, 2025\n \n \n Acquisition method : Purchase at the Tokyo Stock Exchange\n \n \n (Discretionary investment through a securities company)\n \n \n Cumulative total of treasury shares bought back according to the abovementioned resolution at the meeting of the Board of Directors (as of May 1, 2025)\n \n \n Total number of shares bought back : 705,300 shares\n \n \n Total value ...