Torishima Pump to buy back shares via ToSTNeT-3
Torishima Pump Mfg. Co., Ltd. announced plans to acquire up to 150,000 of its own shares through the Tokyo Stock Exchange's Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) on June 23, 2025. The acquisition, approved at the Board of Directors' meeting on May 14, aims to offset the potential market impact from the sale of shares held in the company’s ESOP trust, which is expiring. The purchase order will be placed at 08:45 a.m. JST, at today's closing price of JPY1,800, potentially costing up to JPY270,000,000. The company retains the right to cancel the buyback due to market conditions. The company also plans to cancel treasury shares acquired under the resolution on April 25, 2026.
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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