Yamazaki Baking completes acquisition of treasury stock

Yamazaki Baking (TSE:2212) announced today the completion of its acquisition of treasury stock through off-auction own share repurchase trading (ToSTNeT-3). The company successfully purchased 1,326,200 shares of its common stock on February 27, 2025. The total acquisition cost was ¥3,662,964,400. This acquisition was based on a resolution passed by the board of directors on February 26, 2025 and the company stated the buyback will help to enhance shareholder returns and improve capital efficiency. The initial plan permitted the company to purchase up to 1,500,000 shares for a maximum of ¥4,143,000,000. With this purchase, Yamazaki Baking has concluded its treasury stock acquisition program.