Tokai Rika: Ends buyback after acquiring 2.6 million shares

Tokai Rika completed its buyback on Oct. 30, acquiring the full 2.6 million shares authorized by its board. The ¥7.332 billion purchase was below the ¥8.6 billion spending limit.

• Method: Off-auction own-share repurchase transaction (ToSTNeT-3) on the Tokyo Stock Exchange
• Approved purchase period: Oct. 29 to Dec. 31, 2026

The buyback was completed within the approved period. The number of shares purchased reached the cap, while the total cost remained below the limit. Tokai Rika said the purchase was part of shareholder returns under its medium-term management plan.

Tokai Rika has confirmed it will cancel all the shares acquired. The 2.6 million shares represent 2.9% of issued shares excluding treasury stock.

• Shares to be canceled: All treasury shares acquired in the buyback
• Rationale: Expand shareholder returns under the medium-term management plan “Tokai Rika Vision 2030”

Canceling all shares acquired makes clear that Tokai Rika will not retain the repurchased shares as treasury stock. Buybacks are one way to return capital to shareholders, but their effects on earnings and the share price should be assessed alongside future business conditions and profit trends.