Obayashi announces share repurchase progress

Obayashi Corporation (TSE:1802) has announced the progress of its share repurchase program, as resolved by the Board of Directors on February 10, 2025. As of February 28, 2025 (settlement basis), the company has acquired 2,564,300 shares of its common stock at a total cost of ¥5,217,913,019. The repurchase period spanned from February 12, 2025, to February 28, 2025, and was conducted through market purchases on the Tokyo Stock Exchange. This repurchase is part of a larger program authorized on February 10, 2025, which allows for the acquisition of up to 20,000,000 shares, not exceeding ¥30 billion, between February 12, 2025 and June 30, 2025. The total shares repurchased represent approximately 2.8% of the total outstanding shares (excluding treasury stock).