TBS Holdings,Inc. (TSE:9401) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 4.05% of its issued share capital, for ¥36,000 million. The purpose of the buyback is to improve capital efficiency and enhance shareholder returns.

Repurchases shares will be cancelled. The program will expire on February 26, 2027. As of March 31, 2026, the company had 160,564,878 shares in issue (excluding treasury stock) and 5,026,187 shares in treasury.