Toho completes treasury share tender offer below maximum target

Toho Co., Ltd. announced the completion of its tender offer for treasury shares, acquiring 1,700,000 common shares at JPY 8,782 per share. The tender offer, which ran from October 16 to November 13, 2025, resulted in a total acquisition amount of JPY 14,929,400,000. This represents approximately 1.00% of the total outstanding shares as of August 31, 2025.

The acquisition was part of a resolution passed by the board of directors on October 15, 2025, which had authorized the repurchase of up to 2,000,100 shares for a maximum total acquisition price of JPY 17,564,878,200. The broader acquisition scheme was set to run until December 31, 2025, but the tender offer's completion finalized the buyback.

Daiwa Securities Co. Ltd. acted as the tender offer agent for the transaction, with settlement scheduled to commence on December 8, 2025.