Otsuka Holdings announces share buyback and cancellation plan

Otsuka Holdings (TSE:4578) announced a share repurchase program and subsequent cancellation of treasury shares, signaling a commitment to enhance capital efficiency and increase shareholder value. The board approved the repurchase of up to 12 million of its common shares—representing 2.23% of total outstanding shares, excluding treasury stock—for a maximum value of ¥70 billion. The repurchase period is scheduled from March 19, 2025, to April 30, 2025. In a related announcement, the company detailed that it would initiate the buyback with a purchase of 8,914,900 shares, or 1.66% of the total outstanding (excluding treasury) shares, at a price of ¥7,852 per share via the Tokyo Stock Exchange’s ToSTNeT-3 trading system on March 19, 2025. Following the repurchase, all acquired shares will be cancelled on May 23, 2025. As of February 28, 2025, Otsuka's total outstanding shares, excluding treasury stock, numbered 537,092,696, while treasury stock holdings totaled 14,932,021 shares.