Koito Manufacturing announces large share buyback program

Koito Manufacturing (TSE: 7276) announced a resolution by its Board of Directors on May 29, 2025, to acquire its own shares, reinforcing its commitment to shareholder returns. The company plans to purchase up to 37 million of its common shares, representing 13.04% of total issued shares (excluding treasury shares), for a maximum total acquisition cost of JPY50 billion. This buyback program will be executed through market purchases on the Tokyo Stock Exchange between June 2, 2025, and May 29, 2026. The move aligns with Koito's basic policy of increasing corporate value through strategic business investments for sustainable growth, while also enhancing profit returns to shareholders. The company has targeted shareholder returns of JPY200 billion or more over the three-year period from FY2024 to FY2026 under its "1st Medium-Term Management Plan." As of March 31, 2025, Koito's total number of issued shares (excluding treasury shares) was 283,746,525, with 24,086,647 treasury shares held. The buyback will enhance shareholder value while Koito invests in future growth.