Okuma announces share offering and buyback for enhanced governance

Okuma Corporation will execute a secondary offering of 4,347,900 shares of its common stock, with an additional over-allotment of up to 652,100 shares. This move aims to reduce strategic shareholdings, improve market liquidity, and diversify its investor base, aligning with its "Mid-term Management Plan - Get Ready 2025" and ESG goals. The offer price will be determined between December 17, 2025, and December 22, 2025.

In conjunction with the share offering, Okuma Corporation's board of directors has also approved a share repurchase program, targeting up to 3,500,000 shares, representing 5.78% of its outstanding shares (excluding treasury stock), with a maximum value of JPY 10 billion. The buyback period runs from January 19, 2026, to August 31, 2026, and will be conducted via market purchases on the Tokyo Stock Exchange. This buyback is intended to enhance shareholder returns, improve capital efficiency, and mitigate potential market impact from the secondary offering.

Key sellers in the secondary offering include Sumitomo Mitsui Trust Bank, Limited (1,367,500 shares), MUFG Bank, Ltd. (686,500 shares), and The Bank of Fukuoka, Ltd. (583,100 shares), among others. The company aims to strengthen its corporate governance further and increase overall corporate value through these integrated financial strategies.