Tomoe Engineering announces share offering, buyback, and cancellation

Tomoe Engineering Co., Ltd. announced a secondary offering of up to 1,788,500 common shares, with a potential over-allotment of 268,200 additional shares. The selling shareholders include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., MUFG Bank, Ltd., Mariko Noda, and Tsukishima Holdings Co., Ltd. The pricing date is set between October 6-8, 2025.

In conjunction, the company plans to repurchase up to 600,000 common shares, representing approximately 2.00% of outstanding shares, for up to JPY 900,000,000. This repurchase will occur between October 15-17, 2025, and April 30, 2026, through market purchases on the Tokyo Stock Exchange. Additionally, Tomoe Engineering will cancel 1,650,000 treasury shares (5.22% of issued shares before cancellation) on October 31, 2025.

These capital actions follow strong financial performance for the nine months ended July 31, 2025, with consolidated net sales increasing 16.6% year-on-year to JPY 46,406 million and net profit attributable to owners of parent rising 19.9% to JPY 3,358 million. The company reiterated its earnings forecast for the fiscal year ending October 31, 2025.