Riken Vitamin announces share buyback and cancellation plan

Riken Vitamin (TSE:4526) announced today a plan to repurchase up to 600,000 of its own shares, representing 1.97% of outstanding shares (excluding treasury stock), for a maximum total cost of ¥1,395,600,000. The buyback will be executed via an off-auction, fixed-price trade (ToSTNeT-3) on February 26, 2025. This action is in response to a request from a corporate shareholder seeking to reduce its policy-linked shareholdings and aims to mitigate any potential impact on the company's stock supply/demand balance. Additionally, the company will cancel 3,000,000 shares of treasury stock (8.90% of shares outstanding before cancellation) on March 7, 2025, to improve the stock's float and reduce dilution worries. After the cancellation, the number of outstanding shares will be 30,705,100.