J-POWER announces share buyback program up to JPY 20 bn

Electric Power Development Co., Ltd. (J-POWER) announced a plan to purchase up to 3 million of its common shares, with an upper limit of JPY 8,430 million, via the Tokyo Stock Exchange Trading Network Off-Auction Own Share Purchase Trading System (ToSTNeT-3). The purchase order will be placed at 8:45 a.m. on September 1, 2025, at the August 29, 2025, closing price of JPY 2,810. This initiative aligns with a board resolution from May 9, 2025, to acquire its own shares under the Companies Act of Japan.

The May 9, 2025, board resolution approved a broader share repurchase program, allowing for the acquisition of up to 9 million common shares, representing 4.9% of outstanding shares (excluding treasury shares), with a total value not exceeding JPY 20,000 million. This larger program is scheduled to run from September 1, 2025, to March 31, 2026.

Following the ToSTNeT-3 purchase, J-POWER intends to continue market purchases on the Tokyo Stock Exchange, up to the remaining limits approved in the May 9, 2025 resolution. All purchased shares are slated for termination.