-- OBIC (TYO:4684) said it will repurchase up to 50 billion yen of shares and cancel part of its treasury stock to improve capital efficiency, according to a Tuesday filing on the Tokyo Stock Exchange.
The buyback will cover up to 10 million shares, or 2.3% of outstanding stock, through market purchases between April 22 and March 31, 2027.
The company also plans to cancel 16 million shares, equivalent to 3.2% of shares outstanding, in two phases ending March 2027.