Kokuyo completes share buyback, cancels 22m shares

Kokuyo Co., Ltd. announced the completion of its treasury stock acquisition program on December 25, 2025. The company acquired 2,063,300 common shares for a total of JPY 1,924,379,580 between December 1 and December 19, 2025. This latest buyback completes the program approved by the board of directors on February 14, 2025, which authorized the repurchase of up to 34 million shares, or 7.5% of outstanding stock, for a maximum of JPY 20 billion.

Cumulatively, under the February 14, 2025, resolution, Kokuyo repurchased 23,089,300 shares for a total of JPY 19,999,992,910. The company also announced the cancellation of 22,000,000 common shares on December 25, 2025, representing 4.75% of the total issued shares before cancellation.

Following the cancellation, Kokuyo's total number of issued shares (including treasury shares) is 440,969,852. The company's policy, as outlined in its fourth medium-term plan, is to maintain treasury shares at less than 2% of total issued shares, with any excess generally subject to ongoing cancellation.