Prestige International announces stock buyback plan after strong half-year

Prestige International Inc. announced a board of directors' decision on October 29, 2025, to repurchase up to 1,450,000 shares of common stock, representing 1.15% of issued shares (excluding treasury stock), for a maximum of JPY 1.0 billion. The repurchase period is scheduled from November 10, 2025, to March 24, 2026, executed via market purchases on the Tokyo Stock Exchange. This initiative aligns with the company's commitment to achieving a total return ratio of 70% or more by the third year of its medium-term business plan.

The decision is supported by the company's strong financial performance in the first half of fiscal year 2026, with record-high sales and operating profit. For the six months ended September 30, 2025, consolidated net sales increased by 11.8% year-on-year to JPY 34,400 million, and operating profit rose by 14.1% to JPY 4,256 million. Profit attributable to owners of parent increased by 19.3% to JPY 2,662 million, with basic earnings per share reaching JPY 21.04.

As of September 30, 2025, Prestige International held 1,001,623 treasury shares, with 126,174,677 shares issued and outstanding (excluding treasury stock). The company also announced a forecast for the fiscal year ending March 31, 2026, with projected full-year net sales of JPY 70,000 million and profit attributable to owners of parent of JPY 5,300 million.