USS completes treasury share repurchase adjustment transaction

USS Co., Ltd. today announced the completion of adjustment transactions for its facility-type treasury stock acquisition initiated on June 24, 2025. This involved SMBC Nikko Securities Inc. exercising 22nd Series Warrants, leading to the delivery of 1,006,400 shares by SMBC Nikko to USS at an exercise price of JPY 1 per share. Consequently, the 23rd Series Warrants were waived and extinguished.

The adjustment transaction concludes a series of share repurchases, with the substantive number of own shares repurchased totaling 9,319,500 shares. This figure represents the 10,325,900 shares repurchased via ToSTNeT-3 on June 25, 2025, less the 1,006,400 shares delivered. The substantive total purchase price for the share repurchase remains unchanged at JPY 15,999,982,050.

The average Volume Weighted Average Price (VWAP) for this transaction was JPY 1,716.8412. This VWAP was calculated based on 99.80% of the simple arithmetic average of the daily VWAP of USS shares on the Tokyo Stock Exchange from July 1, 2025, to December 23, 2025, excluding specific periods.