Mandarake announces stock repurchase via ToSTNeT-3

Mandarake (TSE:2652) announced today its decision to repurchase treasury stock through a ToSTNeT-3 transaction, approved via electronic resolution in lieu of a board meeting. The company intends to buy up to 545,400 of its own shares, representing 1.65% of outstanding shares (excluding treasury stock). The purchase price will be JPY 275 per share, the closing price of April 7, 2025, with the total acquisition cost capped at JPY 149,985,000. The transaction is scheduled for April 8, 2025, at 8:45 AM JST via the Tokyo Stock Exchange's ToSTNeT-3 system. Mandarake stated the repurchase aims to improve capital efficiency and implement flexible capital policies. The results of the repurchase will be announced after the transaction's completion on April 8, 2025. As of March 31, 2025, Mandarake had 36,180,000 issued shares and held 3,306,470 shares of treasury stock.