Mitani Sekisan to acquire up to 250,000 shares

Mitani Sekisan announced that its Board of Directors has resolved to acquire its own shares, based on Article 165, Paragraph 3 of the Companies Act. The company will commission the purchase of up to 250,000 shares, representing approximately 1.19% of outstanding shares, at a price of JPY 7,580 per share (the closing price as of June 18, 2025). The total acquisition cost is capped at JPY 1,895,000,000. The purchase will be executed through the ToSTNeT-3 off-auction trading system of the Tokyo Stock Exchange on June 19, 2025, at 8:45 AM. The company will announce the results of the acquisition following the transaction. Mitani Sekisan noted that the purchase may not be fully executed due to market conditions. Additionally, the company disclosed that its president, Shinji Mitani, intends to sell some of his holdings in the company as part of this transaction, but was excluded from related board dicussions.