M3 Inc. executes first tranche of share repurchase program
M3 Inc. (TSE:2413) announced the completion of the first phase of its share repurchase program, as approved by its Board of Directors on May 2, 2025. Between May 3 and May 31, 2025, the company repurchased 277,500 of its own common shares at a total cost of JPY 538,486,250. These shares were acquired through open market purchases on the Tokyo Stock Exchange, executed via a discretionary trading contract. The repurchase is conducted under the provisions of Article 459, Paragraph 1 of the Companies Act and M3's articles of incorporation. This initial acquisition is part of a broader plan announced earlier, authorizing M3 to repurchase up to 20 million shares, representing 2.95% of total outstanding shares, for a maximum total expenditure of JPY 20 billion between May 3, 2025, and April 30, 2026. The program's continuation is subject to market conditions and other factors, with the possibility of adjustments or termination.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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