Maruichi Steel Tube updates on September share repurchase progress
Maruichi Steel Tube Ltd. announced its progress on the acquisition of its own shares, reporting the acquisition of 277,300 common shares in September 2025. This brings the total acquisition costs for the month to JPY 1,074,167,900, with all shares purchased via open-market transactions on the Tokyo Stock Exchange.
This acquisition falls under the share repurchase program approved by the board of directors on May 9, 2025. The program, valid from June 23, 2025, to March 31, 2026, authorizes the repurchase of up to 9,000,000 common shares or up to JPY 12,000,000,000. These figures incorporate changes resolved on July 7, 2025, which included a 1-for-3 stock split effective October 1, 2025.
As of September 30, 2025, Maruichi Steel Tube has cumulatively acquired 659,900 shares under the current resolution, with a total acquisition cost of JPY 2,505,463,100.
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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