Citizen Watch : Notice of Acquisition of Treasury Stock
May 08, 2023 at 02:11 am EDT
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English Translation
The Japanese original should be considered to be the primary version
May 8, 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 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.
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: 7,239,100 shares
Total acquisition cost: 5,652,912,272 yen
Acquisition period: April 1, 2023 - April 30, 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 April 30, 2023)
Total number of shares acquired: 40,944,100 shares
Total acquisition cost: 33,351,315,799 yen
Holding of treasury stock as of April 30, 2023
(1)
Total number of shares issued (excluding treasury stock)
251,910,460 shares
(2)
Treasury stock
42,089,540 shares
* The treasury stock doesn't include 483,762 shares held by the Officers' Compensation BIP Trust.
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Disclaimer
Citizen Watch Co. Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:10:38 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. 
