Seria announces stock repurchase and tender offer

Seria Co., Ltd. announced today its decision to repurchase its own shares, implementing a tender offer for a maximum of 12,568,000 shares, representing 16.70% of outstanding shares, at a price of JPY 2,000 per share. The total acquisition cost is capped at JPY 25,136,000,000 and will be funded from the company's own cash reserves. The primary objective of the repurchase is to enhance corporate value and increase shareholder returns. A major shareholder, Hiro Corporation, has agreed to tender all of its Seria shares in the offer. The tender offer period will run from June 18, 2025, to July 15, 2025, with settlement commencing on August 7, 2025. SMBC Nikko Securities will act as the tender offer agent.