Shimadzu completes share buyback, acquires 1.12m shares

Shimadzu Corporation (TSE: 7701) announced the completion of its treasury stock acquisition program initiated to enhance shareholder returns and improve capital efficiency. On March 5, 2025, the company acquired 1,121,200 of its own common shares through off-auction own share repurchase trading (ToSTNeT-3) on the Tokyo Stock Exchange, at a total cost of ¥4,454,527,600. This acquisition concludes the buyback program authorized by the board of directors on May 10, 2024, which allowed for the purchase of up to 12.5 million shares (4.2% of outstanding shares excluding treasury stock) for a maximum of ¥25 billion between May 13, 2024, and March 31, 2025. The aggregate total of shares repurchased under this board resolution now stands at 5,803,000 shares, for a total expenditure of ¥24,999,803,200. Separately, for the month of February 2025, no shares were purchased. As of February 28, 2025, the company has repurchased a cumulative total of 4,681,800 shares for a total expenditure of ¥20,545,275,600.