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October 29, 2024
EXEDY Corporation
Tetsuya Yoshinaga, Representative Director, President 7278, TSE Prime Market Hiroshi Toyohara Representative Director, Senior Executive Managing Officer, Executive General Manager of Administrative Headquarters +81-72-822-1152
Notice Concerning Determination of Matters Related to Acquisition of Own Shares
(Acquisition of Own Shares Under the Provisions of the Articles of Incorporation Pursuant to the
Provisions of Article 165, Paragraph (2) of the Companies Act)
EXEDY Corporation (the "Company") hereby announces that it has resolved, at a meeting of the Board of Directors held on October 29, 2024, the matters concerning the acquisition of own shares pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act. The details are described below.
1. Reason for acquisition of own shares
The company will acquire its own shares to enhance shareholder returns and increase capital efficiency.
2. Details of matters related to acquisition
- Class of shares to be acquired
- Total number of shares to be acquired
- Total amount of share acquisition costs
- Acquisition period
- Method of Acquisition
Common shares
12,000,000 shares (maximum)
(28.71% of total number of issued shares (excluding treasury shares))
¥30 billion (maximum)
From October 30, 2024, to October 29, 2025
- All other decisions regarding matters necessary for the acquisition of treasury stock will be left to the discretion of Representative Director and President Tetsuya Yoshinaga.
- Depending on market trends, etc., there is a possibility that some or all of the acquisitions will not be completed.
[Reference] Holding status of treasury shares as of September 30, 2024*
Total number of issued shares (excluding treasury shares)
Number of treasury shares
41,793,709 shares
6,800,027 shares
- Treasury shares include 72,200 shares held by The Master Trust Bank of Japan, Ltd. (Stock Grant ESOP Trust Account).
Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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