Max completes share buyback program early

MAX Co., Ltd. announced on November 19, 2025, the completion of its share buyback program, resolved by its board of directors on July 31, 2025. The company acquired 217,100 shares of its common stock between November 1 and November 18, 2025, for a total cost of JPY 1,364,095,000. These shares were purchased via market transactions on the Tokyo Stock Exchange.

The completed acquisition is part of a larger resolution to buy back up to 1,000,000 shares, representing 2.18% of issued shares excluding treasury stock, with a maximum total cost of JPY 5,500,000,000. This program was initially scheduled to run from August 1, 2025, to December 31, 2025.

As of November 18, 2025, Max has cumulatively acquired 996,300 shares under this resolution, totaling JPY 5,499,897,000. The company’s announcement confirms that the entire share acquisition plan based on the July 31 resolution has now concluded.