Nishikawa Rubber to buy back 6% of shares for 7.4 bn yen

Nishikawa Rubber Co., Ltd. announced a resolution by its board of directors to acquire treasury shares, aligning with its "2030 Global Mid-to-Long-Term Management Plan" and its "Shareholder Return Policy." The company aims to acquire 2,400,000 shares, representing 6.21% of outstanding shares (excluding treasury shares), with a maximum acquisition cost of 7,404,000,000 yen.

The acquisition will be executed via an off-auction own share repurchase trading system (ToSTNeT-3) on September 9, 2025, at 8:45 AM JST, at the closing price of 3,085 yen from September 8, 2025. This initiative is part of a broader strategy to repurchase 6% of its total outstanding shares over six years to improve capital efficiency and accelerate shareholder return targets.

As of June 30, 2025, Nishikawa Rubber's total outstanding shares (excluding treasury shares) stood at 38,626,539, with 1,364,235 treasury shares. The acquisition underscores the company's commitment to its long-term strategic goals.