Citizen Watch : Notice Regarding Result and Completion of Acquisition of Treasury Stock
June 07, 2023 at 03:06 am EDT
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English Translation
The Japanese original should be considered to be the primary version
June 7, 2023
For Immediate Release
Company name: Citizen Watch Co., Ltd. Representative: Toshihiko Sato, President and CEO (Code: 7762, Prime, Tokyo Stock Exchange) Please address inquiries to Toshiyuki Furukawa
Managing Director in charge of Public & Investor Relations Department TEL: +81-42-468-4934
Notice Regarding Result and Completion of Acquisition of Treasury Stock
(Acquisition of Treasury Stock under the Articles of Incorporation Pursuant to Article 165,
Paragraph 2 of the Companies Act)
Citizen Watch Co., Ltd. announces that it has executed the acquisition of treasury stock, which was resolved at a meeting of its Board of Directors held on February 13, 2023, based on provisions of Article 156 of the Companies Act applied by the reading of terms pursuant to Article 165, Paragraph 3 of the Companies Act.
Please also note that the Company has complted the acquisition of treasury stock which was resolved at a meeting of its Board of Directors held on February 13, 2023.
Details of the acquisition are as follows:
Details of the acquisition
Type of stock acquired: Common shares in the Company
Total number of shares acquired: 4,483,100 shares
Total acquisition cost: 3,980,411,231 yen
Acquisition period: June 1, 2023 - June 6, 2023 (On a contract basis)
Acquisition method: Purchase on the Tokyo Stock Exchange
(For Reference)
1. Resolution at the Board of Directors held on February 13, 2023
Type of stock to be acquired: Common shares in the Company
Number of shares that can be acquired: 75,000,000 shares (upper limit)
(ratio to the total number of shares issued (excluding treasury stock) 25.61 %)
Total acquisition cost: 40 billion yen (upper limit)
Acquisition period: February 16, 2023 - February 15, 2024
Cumulative total of treasury stock acquired based on the resolution of the aforementioned Board of Directors' meeting (As of June 6, 2023)
Total number of shares acquired: 48,580,100 shares
Total acquisition cost: 39,999,992,664 yen
Holding of treasury stock as of June 6, 2023
(1)
Total number of shares issued (excluding treasury stock)
244,274,092 shares
(2)
Number of treasury stock
49,725,908 shares
* The above number of treasury stock does not include 483,762 shares owned by the Officers' Compensation BIP Trust.
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Citizen Watch Co. Ltd. published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2023 07:05:04 UTC.
Citizen Watch Co., Ltd. is one of the world's largest watch manufacturers. Net sales break down by family of products as follows:
- watches and clocks (50.9%);
- industrial machines (21%): digital control lathes, machine tools, industrial robots, etc.;
- electronic devices (20.1%): electroluminescent diode microchips, quartz oscillators, electronic viewfinders, etc.;
- electronic equipment (6%): electronic thermometers, calculators, printers, medical equipment, etc.;
- other (2%): jewels, automotive components, etc.
CITIZEN WATCH CO., LTD. 
