Maruichi Steel Tube completes latest share repurchase for 3.7bn yen

Maruichi Steel Tube Ltd. announced the completion of its off-market treasury stock repurchase through the ToSTNeT-3 system on November 11, 2025. The company acquired 2,889,100 of its common shares for a total cost of JPY 3,777,498,250. This action aligns with the company's goal of improving capital efficiency and maintaining flexible capital policies.

This latest acquisition is part of a broader resolution approved by the board of directors on May 9, 2025. This authorized the repurchase of up to 9,000,000 common shares, representing 3.92% of outstanding shares (excluding treasury stock), with a maximum total cost of JPY 12,000,000,000. The acquisition period for this larger program spans from June 23, 2025, to March 31, 2026. Purchases can be made through open-market transactions on the Tokyo Stock Exchange or the ToSTNeT-3 system.

It was noted that on July 7, 2025, the board resolved a 1-for-3 stock split effective October 1, 2025, which subsequently amended the total number of shares to be acquired under the buyback program.