February 28, 2025
RYODEN CORPORATION
(Code: No. 8084, TSE Prime Market)
President & CEO Katsuyuki Tomizawa,
Contact: Kouzaburo Okamura, General Manager, General Affairs Dept
(Tel: +81-3-5396-6111)
Notice of the Results of Acquisition of Own Shares through Off-auction Own Share Repurchase Transaction
(ToSTNeT-3), Completion of Acquisition of Own Shares, and Cancellation of Treasury Shares
Regarding the acquisition of own shares announced on February 27, 2025, RYODEN CORPORATION (hereinafter, the "Company") hereby announces that it has carried out the acquisition today as described below. The Company also notifies that the acquisition today completes the acquisition of own shares approved by the resolution of the Board of Directors passed at its meeting held on February 27, 2025. In addition, regarding the cancellation of treasury shares pursuant to the provisions of Article 178 of the Companies Act as approved by the Board of Directors at its meeting held on the same day, the Company notifies that the total number of shares to be cancelled has been determined.
1. Reason for the acquisition of own shares and the cancellation of treasury shares
At its meeting held on July 28, 2023, the Board of Directors of the Company approved a response policy of the Company to perform management while considering its cost of capital and stock price, in order to achieve sustainable growth and medium- to long-term corporate value enhancement of the Company. Through the acquisition of own shares and the cancellation of treasury shares, the Company will be able to flexibly execute its capital policy, improve capital efficiency, and strengthen shareholder return.
2. Details of acquisition
(1) Class of shares to be acquired | Common shares of the Company |
(2) Total number of shares acquired | 426,200 shares |
(the ratio to the total number of issued shares | |
(excluding treasury shares): 1.94%) | |
(3) Total acquisition cost | 1,019,470,400 yen |
(4) Acquisition date | February 28, 2025 |
(5) Acquisition method | Off-auction own share repurchase transaction |
(ToSTNeT-3) on the Tokyo Stock Exchange | |
3. Details of cancellation | |
(1) Class of shares to be cancelled | Common shares of the Company |
(2) Total number of shares to be cancelled | 1,212,940 shares |
(the ratio to the total number of issued shares | |
before cancellation: 5.31%) | |
(3) Cancellation date | March 21, 2025 |
(Reference)
1. The resolution of the Board of Directors concerning the acquisition of own shares (as announced on February 27, 2025)
(1) Class of shares to be acquired
(2) Total number of shares that can be acquired
(3) Total acquisition cost
2. The resolution of the Board of Directors concerning the cancellation of treasury shares (as announced on February 27, 2025)
(1) Class of shares to be cancelled
(2) Total number of shares to be cancelled
(3) Cancellation date