Sumitomo Metal Mining completes share buyback, nearing JPY 15 bn target

Sumitomo Metal Mining Co., Ltd. (TSE: 5713) announced the completion of its share repurchase program, which commenced on May 12, 2025. The company acquired 396,100 common shares between August 1, 2025, and August 26, 2025, for a total of JPY 1,432,396,200. This concludes the program based on the resolution from the board of directors' meeting on May 12, 2025.

The program, authorized under the Companies Act of Japan, aimed to repurchase up to 8,300,000 shares (3.02% of outstanding shares, excluding treasury stock) or up to JPY 15 billion, through market purchases under a discretionary dealing contract. The original repurchase period was set from May 13, 2025, to September 22, 2025.

Cumulatively, as of August 26, 2025, the company repurchased a total of 4,466,100 shares for JPY 14,999,778,700, fulfilling nearly the entire authorized amount in terms of value.