Sumitomo Realty completes share repurchases, totalling JPY35bn

Sumitomo Realty & Development (TSE:8830) today announced the completion of its share repurchase program, initiated under the authorization of its board of directors on December 16, 2024. The company repurchased a total of 6,896,700 shares as of May 1, 2025, for a total amount of JPY35,007,917,798, which includes expenses related to the repurchases. The initial resolution had authorized the repurchase of up to 8,000,000 common stock shares, not exceeding a total value of JPY35 billion, between December 17, 2024, and June 30, 2025. On May 1, 2025, Sumitomo Realty repurchased 40,300 common stock shares for JPY214,705,000 via market purchase on the Tokyo Stock Exchange.