Melco Holdings completes share repurchase to cut foreign investor ratio

BUFFALO INC. (Melco Holdings) completed the purchase of 650,000 common shares for a total of 2.275 billion yen (3,500 yen per share) on September 5, 2025, through the Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) on the Tokyo Stock Exchange. This action fulfills part of the August 8, 2025 Board of Directors' resolution to acquire up to 1,000,000 shares for a maximum of 3.5 billion yen between August 9, 2025, and April 30, 2026.

The repurchase is strategic, aiming to strengthen shareholder returns, increase capital efficiency, and reduce the foreign investor ratio. By purchasing shares from foreign investors, the company seeks to remove itself from the "foreign investor" classification under the Foreign Exchange and Foreign Trade Act, which currently restricts its investment and business activities due to foreign ownership exceeding 50%.

The decision to proceed with the specific purchase was announced on September 4, 2025, outlining the placement of a consigned purchase order for up to 950,000 shares for 3.325 billion yen at the September 4, 2025 closing price of 3,500 yen. MELCO Group Inc. and major shareholder Effissimo Capital Management Pte. Ltd. had notified the company of their intention to sell a portion of their holdings.