TBS Holdings completes acquisition of treasury shares via ToSTNeT-3

TBS Holdingsinc (TSE:9401) announced today that it has completed the acquisition of treasury shares through the Off-Auction Treasury Shares Repurchase Trading System (ToSTNeT-3), fulfilling part of a resolution made at a Board of Directors meeting on May 14, 2025. The company acquired 2,194,300 common shares at a total cost of JPY10,210,077,900 on June 24, 2025. This move aligns with the company's stated intention to improve capital efficiency and enhance shareholder returns. The acquisitions were conducted through the Tokyo Stock Exchange using the ToSTNeT-3 system. The Board had initially approved the repurchase of up to 5,000,000 shares, representing 3.05% of total issued shares (excluding treasury shares), for a maximum total acquisition cost of JPY25 billion during the period from May 15, 2025, to November 30, 2025. The company also had the option of making market purchases on the Tokyo Stock Exchange through an appointed securities dealer with transaction discretion. The cumulative number of treasury shares acquired under the May 14th resolution as of June 24, 2025, is 2,194,300 shares for a total acquisition cost of JPY10,210,077,900.