FilingReader Intelligence

Vertex Corporation to repurchase treasury stock to boost shareholder returns

September 18, 2025 at 07:39 AM UTCBy FilingReader AI

Vertex Corporation, led by president and chief executive Akihide Tsuchiya, announced its board of directors’ decision to acquire treasury stock. The company will conduct an off-auction own share repurchase trading (ToSTNeT-3) on September 19, 2025, at 8:45 AM JST, utilizing the closing price of 1,522 yen from September 18, 2025. This move is intended to enrich shareholder returns, improve capital efficiency, and facilitate agile capital policies in response to changes in the business environment.

The acquisition will involve up to 300,000 shares of the company's common stock, representing 0.60% of its outstanding shares (excluding treasury stock). The total acquisition cost is capped at 456,600,000 yen. The results of the acquisition will be announced after the close of trading on September 19, 2025, at 8:45 AM JST.

As of August 31, 2025, Vertex Corporation reported 50,350,988 outstanding shares (excluding treasury stock) and 7,355,712 shares of treasury stock. Shares held by the trust account under the stock benefit trust are not included in the stated treasury stock figures.

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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