Keisei Electric Railway announces share buyback program

Keisei Electric Railway today announced a resolution to repurchase its own shares, as approved by its board of directors on February 28, 2025. The buyback is authorized under Article 165, Paragraph 2 of the Companies Act and is designed to improve capital efficiency and enhance shareholder value. The company intends to acquire up to 8,000,000 shares, representing 1.62% of outstanding shares (excluding treasury stock), for a total purchase price not exceeding ¥10,000,000,000. The repurchase period will run from March 3, 2025, to May 31, 2025, and will be conducted through on-market purchases, including ToSTNeT-3 transactions on the Tokyo Stock Exchange. The company has entrusted its President and Representative Director to decide all remaining matters regarding this share buyback. At present, Keisei Electric Railway possesses 24,337,163 of its own shares, as of February 28th 2025.