February 12, 2025
To whom it may concern:
Company name: Oriental Shiraishi Corporation
Representative: Tatsuya Ohno, Representative Director and President
Securities code: 1786 (TSE Prime Market)
Inquiries: Yukihiko Hashimoto, Director in charge of Corporate Planning (Telephone: +81-3-6220-0640)
URL: https://www.orsc.co.jp/english/
Notice Concerning Decision on Matters Related to the Acquisition of Treasury Shares
(Acquisition of Treasury Shares based on the Provisions of the Articles of Incorporation Pursuant
to Article 165, Paragraph 2 of the Companies Act)
Oriental Shiraishi Corporation (the "Company") hereby announces that it has passed a resolution, at a meeting of the Board of Directors held on February 12, 2025, regarding matters related to the acquisition of treasury shares based on the provisions of Article 156 of the Companies Act, as applied by replacing the terms pursuant to the provisions of Article 165, Paragraph 3 of the same Act. The details are described below.
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Reason for acquiring treasury shares
To improve capital efficiency and implement flexible capital policies that adapt to changes in the business environment. - Details of the acquisition
(1) Class of shares to be | Common shares |
acquired | |
(2) Total number of shares that | 1,666,000 shares (maximum) |
(Percentage of total number of issued shares (excluding treasury | |
can be acquired | |
shares): 1.24%) | |
(3) Total acquisition cost of | 500,000,000 yen (maximum) |
shares | |
(4) Acquisition period | February 13, 2025 to March 31, 2025 |
(5) Acquisition method | Market purchases on the Tokyo Stock Exchange |
(Reference) Treasury share holdings as of September 30, 2024 | |
Total number of issued shares | 134,164,262 shares |
(excluding treasury shares) | |
Number of treasury shares | 4,645,138 shares |