FilingReader Intelligence

Daikokutenbussan completes share buyback program

October 22, 2025 at 01:09 AM UTCBy FilingReader AI

Daikokutenbussan Co., Ltd. announced the completion of its share acquisition program, which was resolved by the board of directors on October 21, 2025. The company repurchased 437,300 shares of its common stock through an off-hours own share repurchase (ToSTNeT-3) on October 22, 2025. This acquisition represents approximately 3.15% of the total outstanding shares (excluding treasury shares).

The total acquisition cost for these shares amounted to JPY 2,999,878,000. The company initiated the buyback after receiving communication from Kimiko Oga, indicating her intention to sell her shares to pay inheritance taxes related to former chairman Akiji Oga.

The strategic acquisition aims to facilitate agile capital policy in response to changes in the management environment. It also seeks to mitigate short-term impacts on the company's share supply and demand, reduce effects on existing shareholders, and enhance capital efficiency.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:2791Tokyo Stock Exchange

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