Aoyama Trading completes initial phase of share buyback program

Aoyama Trading Co., Ltd. has completed the first phase of its treasury share acquisition program, purchasing 518,000 common shares for a total of JPY 1,234,912,700. The acquisition took place between November 12, 2025, and November 28, 2025, through market purchases on the Tokyo Stock Exchange.

This buyback is part of a larger program approved by the board of directors on November 11, 2025. The resolution authorized the acquisition of up to 1.4 million common shares, representing 2.86% of total shares issued (excluding treasury shares), with a maximum value of up to JPY 3 billion. The overall acquisition period for this program extends from November 12, 2025, to March 24, 2026.