Pal Group completes share buyback program with no shares acquired

Pal Group Holdings announced the completion of its share repurchase program, initially resolved on May 9, 2025, with zero shares acquired. The company had authorized the repurchase of up to 750,000 shares, representing 0.86% of its issued shares (excluding treasury shares), with a maximum total acquisition price of 2,000,000,000 yen. The repurchase period ran from May 27, 2025, to August 29, 2025, via market purchases on the Tokyo Stock Exchange.

The decision not to proceed with the share repurchase was attributed to market conditions. Following the start of the repurchase period (effectively June 1, due to a May 27-30 prohibition), the stock's closing price fell below the offering price of 3,550 yen on only five days. The stock generally traded above this level, preventing it from reaching the "safety net" price envisioned by the company.

Pal Group Holdings stated that its initial intent for the buyback was to enhance shareholder returns, improve capital efficiency, and provide capital policy flexibility. The program also aimed to mitigate short-term supply and demand impacts from a secondary offering and reduce effects on existing shareholders. The company confirmed it would continue to assess market conditions and capital policy for future repurchases.