Daiwa Securities Group completes initial tranche of share repurchase

Daiwa Securities Group (TSE: 8601) announced that it has completed the initial tranche of its share repurchase program. Between May 16, 2025, and May 31, 2025, the company repurchased 7,700,000 of its own shares for a total cost of JPY 7,367,173,620. This repurchase was executed on the stock market through a trust bank, in accordance with a board resolution made on April 28, 2025. The initial tranche represents a portion of the larger repurchase plan, which aims to acquire up to 50 million shares, representing 3.53% of the company's outstanding shares (excluding treasury stock), at a total cost of up to JPY 50 billion. The overall repurchase program is slated to run until March 24, 2026, with certain blackout periods around quarterly financial results announcements.