Okamoto reports August progress on treasury stock buyback

Okamoto Industries Inc. announced its interim treasury stock acquisition status for the period of August 1 to August 31, 2025. During this time, the company acquired 81,000 shares of its common stock, totaling JPY 412,271,000. These acquisitions are based on the provisions of Article 165, Paragraph 2 of the Companies Act.

This latest acquisition is part of a larger resolution approved by the board of directors on November 8, 2024. The board initially authorized the acquisition of up to 280,000 shares of common stock, with a total acquisition value not exceeding JPY 1,500,000,000. This program is set to run from November 11, 2024, to September 30, 2025, and represents a 1.61% stake against the total outstanding shares (excluding treasury stock).

As of August 31, 2025, the cumulative treasury stock acquired under this board resolution amounts to 243,100 shares, with a total acquisition cost of JPY 1,231,846,000.