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Concordia Financial Group updates on share buyback progress

September 4, 2025 at 06:40 AM UTCBy FilingReader AI

Concordia Financial Group (TSE:7186) has announced the status of its common stock share repurchase, detailing acquisitions made between August 6, 2025, and August 31, 2025. During this period, the company repurchased 2,752,000 shares of common stock at a total cost of 3,064,626,900 yen. These buybacks were executed via market purchases under a discretionary dealing contract.

The current repurchase activity is part of a larger plan approved by the board of directors on August 5, 2025. The resolution authorized the acquisition of up to 13,000,000 shares of common stock, representing approximately 1.13% of outstanding shares (excluding treasury shares), with a maximum aggregate value of 10,000,000,000 yen. This program is scheduled to run from August 6, 2025, to November 30, 2025.

As of August 31, 2025, the cumulative repurchases since the board's resolution total 2,752,000 shares, costing 3,064,626,900 yen. This update indicates the initial phase of the company's commitment to enhancing shareholder value through its share buyback program.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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