Toho Gas: Buys 2.003m shares through ToSTNeT-3 for ¥2.475bn

The purchase was made under a buyback resolution announced the previous day, using the Tokyo Stock Exchange's ToSTNeT-3 off-auction trading system.

• Maximum purchase amount: ¥17 billion
• Approved purchase period: Oct. 30, 2026 to April 30, 2027
• Approved purchase methods: ToSTNeT-3 or market purchases on the Tokyo Stock Exchange

Toho Gas said the cumulative shares and amount purchased as of Oct. 30, 2026, were the same as those in this transaction. The disclosure therefore reports the result of the approved buyback, which also allows market purchases during the authorization period.

Toho Gas said the purchase was intended to enable the company to pursue a flexible capital policy. Share buybacks are one capital policy tool that can affect the number of shares outstanding and the allocation of capital.

• Stated purpose: Pursue a flexible capital policy
• Shares covered: Toho Gas common shares

The disclosure did not say that Toho Gas had decided to cancel the shares it bought. Investors will want to track not only the purchases themselves but also the company's plans for holding or using its treasury shares.