T&D Holdings (TYO:8795) plans to acquire up to 12 million common shares, representing 2.50% of outstanding stock, for a maximum total of 30 billion yen.
The mandate was authorized by T&D Holdings' board during a June 4 meeting, according to a Tokyo bourse filing on the same day.
The buyback, aimed at enhancing shareholder returns and improving capital efficiency, will run from June 8 through Sept. 30.