Nippon Yusen announces status of stock acquisition, buys no shares
Nippon Yusen Kabushiki Kaisha announced the status of its stock acquisition program, revealing that no shares were acquired in March 2025. This buyback program was approved at board meetings on May 8, 2024, and November 6, 2024, in accordance with Article 459 of the Companies Act. The resolution authorized the company to repurchase up to 35 million of its own shares, representing 7.6% of outstanding shares (excluding treasury stock), for a maximum total value of JPY 130 billion. The acquisition period extends from May 9, 2024, to April 30, 2025, with purchases to be made on the open market of the Tokyo Stock Exchange based on a discretionary trading contract. As of March 31, 2025, the cumulative total of shares acquired under this resolution is 25,815,800 shares for a total value of JPY 124,999,764,891. The company noted that the execution of the stock acquisition might depend on market trends and other factors.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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