Amada completes share repurchase, announces major stock cancellation

Amada announced the completion of its share repurchase program, initiated in May 2024, having acquired 1,145,100 of its own shares for a total cost of ¥1,741,967,550. The purchases were made on the Tokyo Stock Exchange between February 1, 2025, and February 28, 2025. The company also announced that it will cancel 12,942,200 shares of its common stock, representing approximately 3.8% of its outstanding shares before cancellation, on March 31, 2025. This cancellation includes all the shares repurchased under the May 2024 board resolution. As of September 30, 2024, Amada held 11,833,259 shares of treasury stock.