West Japan Railway completes first phase of share buyback

West Japan Railway Company (TSE:9021) announced today the completion of the first phase of its share buyback program. As of June 30, 2025, the company has acquired 8,780,400 shares of its common stock at a total cost of JPY27,603,384,200. This buyback is part of a larger initiative approved by the Board of Directors on May 2, 2025, which authorized the acquisition of up to 20 million shares, representing 4.2% of the total issued shares (excluding treasury stock), for a maximum expenditure of JPY50 billion. During June 2025, the company acquired 2,839,800 shares at a total cost of JPY8,931,642,700. These shares were purchased on the Tokyo Stock Exchange. The buyback program is scheduled to continue through September 19, 2025.