Japan Wool Textile announces share repurchase program

Japan Wool Textile (NIKKE) announced that its Board of Directors has resolved to repurchase its own shares, as stipulated in the Articles of Incorporation, following a meeting on May 15, 2025. The company plans to acquire up to 2,000,000 of its own shares, representing approximately 2.90% of the total number of issued and outstanding shares (excluding treasury stock). The total acquisition cost for this repurchase program is capped at JPY3,200,000,000. The repurchase period will run from June 2, 2025, to November 21, 2025, and the shares will be acquired through market purchases, including off-the-counter share repurchase transactions (ToSTNeT-3). This buyback program is part of the company's RN130 Third Medium-Term Management Plan (2024-2026) to enhance shareholder returns and improve capital efficiency. As of April 30, 2025, Japan Wool Textile held 7,275,068 shares in treasury.