Kurabo <3106> announced that in order to enhance shareholder returns and improve capital efficiency, it will acquire treasury stock based on the provisions of Article 165, paragraph 3 of the Company Law, and cancel the treasury stock based on the provisions of Article 156 of the same law as interpreted and applied under Article 178 of the Company Law.
The company will utilize the market buyback method, including Tokyo Stock Exchange's off-floor transaction of treasury stock (ToSTNeT-3), to acquire 1,300,000 shares of its common stock (7.34% of the total issued shares excluding treasury stock) for a total of 6 billion yen (upper limit) from November 8, 2024, to October 31, 2025. Additionally, on November 25, 2024, it will cancel 1,000,000 shares of its common stock (5.26% of the total issued shares before cancellation). The total issued shares after cancellation will be 18,000,000 shares.
