Nankai Electric Railway provides update on treasury share repurchase program

Nankai Electric Railway Co., Ltd. announced on September 4, 2025, the status of its treasury share acquisition. The company detailed the purchase of 389,600 shares of common stock at a total cost of JPY 994,281,244. These acquisitions occurred between August 1, 2025, and August 31, 2025, through market purchases on the Tokyo Stock Exchange.

This recent activity is part of a broader resolution passed at a board of directors meeting on July 30, 2025. The resolution approved the acquisition of up to 6,000,000 shares, representing 5.29% of outstanding shares (excluding treasury shares), with a maximum total purchase price of JPY 12,000,000,000. The acquisition period for this program is from July 31, 2025, to January 30, 2026, utilizing market purchases on the Tokyo Stock Exchange.

As of August 31, 2025, the cumulative total of treasury shares purchased under this resolution stands at 3,555,300 shares, with a total cost of JPY 8,069,620,744.