Nihon Kohden announces JPY 5 bn share repurchase program

Nihon Kohden Corporation, a medical electronic equipment manufacturer, disclosed a resolution from its December 3, 2025, board of directors meeting to acquire up to 3.8 million of its common shares. This represents 2.33% of outstanding shares (excluding treasury shares), with a maximum expenditure of JPY 5 billion. The program, active from December 4, 2025, to March 31, 2026, will use both the Tokyo Stock Exchange's ToSTNeT-3 system and market purchases.

The program includes an immediate ToSTNeT-3 purchase on December 4, 2025, for up to 720,000 common shares, equivalent to 0.44% of outstanding shares (excluding treasury shares), at a maximum cost of JPY 1,110,600,000. This purchase will be executed at the closing price of JPY 1,542.5 on December 3, 2025, with results announced after 8:45 a.m. JST on December 4, 2025.

As of November 30, 2025, Nihon Kohden had 163,108,506 issued shares (excluding treasury shares) and held 7,853,454 treasury shares. The company plans to conduct subsequent market purchases within the total approved limits after the ToSTNeT-3 transaction.