Calbee completes share repurchase, sets terms for new stock acquisition rights

Calbee, Inc. announced the completion of its off-auction own share repurchase through ToSTNeT-3 on November 25, 2025. The company acquired 3,386,300 common shares for yen 9,999,743,900, concluding the program initiated on November 5, 2025. This move aligns with Calbee's "Calbee Group Growth Strategy" to enhance shareholder returns and capital efficiency, targeting a total return ratio of over 50% and stable dividend growth.

Following the repurchase, Calbee also finalized the terms for the third series of stock acquisition rights via third-party allotment, with a potential maximum of 3,286,300 shares. The number of exercisable shares will be determined by a formula involving a benchmark number of shares (3,286,300 shares) and a benchmark amount (yen 9,704,443,900), divided by the average share price. The average share price calculation considers the average VWAP between November 26, 2025, and the exercise request date, adjusted for dividends.

The company noted that 3,286,300 shares, purchased from Daiwa Securities Co. Ltd., will be subject to a post-adjustment transaction to align the effective acquisition price with the average stock price over a period. The total treasury shares, including those from 2021 and 2022 resolutions, are scheduled for cancellation within the fiscal year ending March 2027.