Press Release
February 7, 2025
DAITRON CO., LTD.
Representative: Shinsuke Tsuchiya, President, CEO & COO Code No.: 7609, TSE Prime Market
Contact: Hajimu Mouri, Senior Managing Director & Representative Director, Senior Managing Corporate Officer & Division Manager-Business Administration
Telephone: +81-6-6399-5041
Announcement regarding the results of share repurchase through Off-Auction Own Share Repurchase Trading (ToSTNet-3) and treasury shares retirement
Daitron Co., Ltd. is pleased to announce that its board of directors resolved on yesterday (February 6, 2025). As of this time, we have completed share repurchase based on the resolution made at the board of directors on February 6, 2025.
1．Reason for share repurchase and share retirement
We will repurchase our own shares in order to enhance shareholder returns and capital efficiency, as well as to implement a flexible capital policy in response to changes in the business environment.
2．Details of share repurchase
(1) | Share category | Common stock | ||
(2) | Total number of shares | 580,700 shares | ||
repurchased | ||||
(3) | Total amount of share | ¥1,586,472,400 | ||
repurchase cost | ||||
(4) | Date of share repurchase | February 7, 2025 | ||
(5) | Method of share repurchase | Purchase through Tokyo Stock Exchange Off- Auction Own Share | ||
Repurchase Trading (ToSTNet-3) | ||||
3．Details of treasury share retirement | ||||
(1) | Share category | Common stock | ||
(2) | Total number of treasury | 522,630 shares | ||
shares to be retired | ||||
(3) | Scheduled date of retirement | April,1 2025 |
(Reference)
1．Resolution regarding share repurchase (announced on February 6, 2025)
(1) | Share category | Common stock |
(2) | Total number of shares to be | 650,000 shares (maximum) |
(representing 5.85% of issued and outstanding shares (excluding | ||
repurchased | ||
treasury shares)) | ||
(3) | Total amount of share | ¥1,775,800,000 (maximum) |
repurchase cost | ||
2．Resolution regarding treasury share retirement (announced on February 6, 2025)
(1) Share categoryCommon stock
(2) Total number of treasury shares to be retired
(3) Scheduled date of retirement
This document is an English translation of a statement written initially in Japanese. The Japanese original should be considered the primary version.