J-Power completes initial share buyback, plans further market purchases

Electric Power Development (J-Power) announced it completed an off-auction own share repurchase transaction on September 1, 2025. The company acquired 3 million common shares for a total of 8,430 million yen, aligning with its May 9, 2025, Board of Directors resolution. This initial phase aims to improve capital efficiency and shareholder returns.

The repurchase is part of a broader plan to acquire up to 9 million shares, representing 4.9% of outstanding shares (excluding treasury shares), with a maximum value of 20,000 million yen. The overall buyback period extends from September 1, 2025, to March 31, 2026.

Following this transaction, J-Power plans to execute further market purchases on the Tokyo Stock Exchange. These subsequent acquisitions will be capped by the remaining limits from the May 9 resolution, accounting for the shares and value already repurchased. The company also intends to terminate the purchased shares.