Nihon Kohden completes first stage of yen1.1bn share buyback

Nihon Kohden Corporation announced the completion of its off-hours own share repurchase (ToSTNeT-3) transaction on December 4, 2025, acquiring 718,200 shares of its common stock. The transaction was executed at a price of JPY 1,542.5 per share, totaling JPY 1,107,823,500. This move is part of the company's strategy to enhance capital efficiency and increase shareholder returns.

This acquisition follows the Board of Directors' resolution on December 3, 2025, which authorized the repurchase of up to 3,800,000 shares, representing 2.33% of outstanding shares (excluding treasury shares), with a maximum total cost of JPY 5,000,000,000. The acquisition period for this broader program runs from December 4, 2025, to March 31, 2026.

Future repurchases, including market purchases based on discretionary transaction agreements, will continue up to the remaining authorized limits after accounting for the ToSTNeT-3 acquisition. The company's treasury shares include 930,000 shares held by Custody Bank of Japan, Ltd. (Trust Account) for its Employee Stock Ownership Plan.