Notice Regarding the Decision on Purchase of Treasury Stock

(Purchase of treasury stock in accordance with the Articles of Incorporation based on

Article 165, Paragraph 2 of the Companies Act.)

 

TOKYO OHKA KOGYO CO., LTD. (hereinafter the “Company”) announced that the Board of Directors of the Company resolved at the meeting held on November 12, 2024 to purchase treasury stock as cited below in accordance with the Article 156 of the Companies Act as applied by replacing the relevant terms pursuant to the provisions of Article 165, Paragraph 3 of the same Act.

 

 

1． Reason for the purchase of treasury stock

To carry out dynamic capital strategies, and to promote returns to shareholders corresponding to changes in the business environment

 

2． Details of the purchase

(1) Type of stock to be purchased:                        Common stock

(2) Number of stocks to be purchased:                2.50 million shares (maximum limit)

                                                                            Equivalent to 2.05% of the total sharesissued

　                                                                                          (excluding treasury stock)

(3) Total purchase cost:                                         7 billion yen (maximum limit)

(4) Purchase period:                                               From November 13, 2024 through January 31, 2025

 

(Reference)

Current treasury stock holdings as of October 31, 2024

Total shares issued (excluding treasury stock): 121,507,648 shares

                                               Treasury stock: 6,292,352 shares

 

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For Contact: Corporate Communication Department

Tel. + 81-44-435-3000