Itochu announced on the 3rd a share buyback of up to 190 million shares, representing 2.7% of its outstanding stock, with a maximum value of 300 billion yen. Of this, up to 150 billion yen will be conducted through a tender offer at a price of 1,813 yen per share, running from the 4th to September 1st. The remaining planned acquisition amount after the tender offer will be used for market purchases, with a buyback period extending through January 29, 2027. The company maintains a shareholder return policy of a total payout ratio of at least 40% and progressive dividends.
Itochu CorporationItochu announces a share buyback of up to 300 billion yen, including a tender offer, boosting shareholder returns.