Yokohama Rubber completes treasury stock acquisition

The Yokohama Rubber Co., Ltd. (TSE:5101) announced today the completion of its treasury stock acquisition program, initiated under a Board of Directors resolution passed on February 19, 2025. Between April 1, 2025, and April 14, 2025, the company acquired 626,000 shares of its common stock at a total cost of JPY1,822,664,800. This repurchase was conducted through market purchases based on a discretionary dealing contract. The initial resolution authorized the acquisition of up to 2.4 million shares, representing 1.50% of total outstanding shares (excluding treasury stock), with a total budget of JPY6 billion, between February 20, 2025, and August 31, 2025. As of April 14, 2025, the cumulative treasury stock acquired under the February board resolution totals 1,838,000 shares, at a total cost of JPY5,999,734,100.