H.I.S. (HIS) resolved at its board meeting held on July 31 to repurchase its own shares.
The shares to be acquired will be the company’s common stock, with a maximum of 3 million shares to be repurchased. This represents 4.01% of the total number of issued shares excluding treasury shares. The total acquisition amount will be up to 2.5 billion yen.
The acquisition period will run from August 4 through September 30. The repurchase will be conducted through market purchases on the Tokyo Stock Exchange. Depending on market conditions and other factors, some or all of the shares may not be acquired. The company said the purpose is to enhance shareholder returns and capital efficiency, while enabling flexible capital policies in response to changes in the business environment.
As of June 30, the total number of issued shares excluding treasury shares was 74,764,895, while the number of treasury shares was 5,096,041.
