Osaka Steel completes buyback, acquiring 9m shares

Osaka Steel (TSE:5449) announced the completion of its tender offer for treasury stock, resulting in the acquisition of 9 million shares. The buyback, initiated on February 17, 2025, concluded on March 17, 2025, and was priced at ¥2,450 per share, totaling ¥22.05 billion. The repurchased shares represent 21.29% of the company's outstanding shares as of January 31, 2025. This acquisition completes the stock repurchase program approved by the board of directors on January 31, 2025. Daiwa Securities acted as the tender offer agent.