Lintec completes share buyback program, Nippon Paper to maintain stake

Lintec Corporation (TSE:7966) announced the completion of its share buyback program initiated under the provisions of Article 459 of the Companies Act, having acquired 469,000 of its own common shares for a total cost of JPY1,334,503,400 between June 1 and June 20, 2025, through market transactions on the Tokyo Stock Exchange. This acquisition concludes the buyback program announced on February 6, 2025, under which Lintec aimed to acquire up to 3,000,000 shares for a maximum of JPY10,000,000,000 between February 7 and September 30, 2025. In total, Lintec acquired 3,000,000 shares for JPY8,331,620,000 under this resolution. Lintec also disclosed an agreement with Nippon Paper Industries Co., Ltd., a major shareholder, ensuring Nippon Paper will maintain its 30.1% stake by selling shares on the market, coinciding with Lintec's share repurchase activity. This strategic alignment ensures stability in Lintec's shareholder structure amidst its capital management initiatives.