Itochu completes share buyback program early, nears spending limit

Itochu Corporation announced the early completion of its share repurchase program, initially resolved by the board of directors on May 2, 2025. The company repurchased a total of 18,371,700 shares of its common stock for a cumulative amount of 149,999,980,400 yen, ending the program ahead of its scheduled December 31, 2025, deadline.

Repurchase activity between December 1 and December 16, 2025, involved 1,317,900 shares at a cost of 12,387,265,900 yen. While the completed repurchase of 18,371,700 shares falls short of the maximum target of 28,000,000 shares, the total amount spent, 149,999,980,400 yen, is very close to the maximum allowed 150,000,000,000 yen.

The program was executed under Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165, allowing the company to acquire its own shares based on a board of directors resolution.