Sumitomo Realty completes share repurchase program

Sumitomo Realty & Development (TSE: 8830) announced the completion of its share repurchase program, initially authorized by the board of directors on December 16, 2024. The company repurchased a total of 6,896,700 of its own shares for a total acquisition cost of JPY35,007,917,798, which includes transaction-related expenses. On May 1, 2025, the company acquired 40,300 shares for JPY214,705,000 via market purchase on the Tokyo Stock Exchange. The initial resolution authorized the repurchase of up to 8,000,000 shares, representing 1.69% of issued shares excluding treasury stock, with a maximum total acquisition cost of JPY35,000,000,000, to be executed between December 17, 2024, and June 30, 2025. This announcement marks the culmination of the program outlined last year, demonstrating the company's commitment to shareholder value.