Tokyo Steel announces acquisition of own shares

Tokyo Steel Manufacturing Co., Ltd. (TSE:5423) announced today the status of its acquisition of own shares, pursuant to the board resolution on July 26, 2024. The company acquired 1,230,500 common shares between April 1, 2025, and April 30, 2025, at a total cost of JPY 1,925,585,200. This acquisition is part of a larger plan authorized by the board to acquire up to 6,800,000 shares (maximum) at a total cost of JPY 10,000,000,000 (maximum) from July 29, 2024, to June 30, 2025, representing 6.26% of total issued shares (excluding treasury shares). Cumulatively, as of April 30, 2025, Tokyo Steel has acquired 5,640,000 treasury stocks at a total cost of JPY 9,284,963,400.