Nippon Yusen Kabushiki Kaisha (TSE:9101) announces a share repurchase program. Under the program, the company will repurchase up to 48,000,000 shares, representing 11.10% of its issued share capital (excluding treasury stock), for ¥150,000 million worth of its shares. The purpose of the program is to improve capital efficiency and achieving sustainable growth.
The repurchased shares will be cancelled. The program will run until April 30, 2026. As of April 30, 2025, the company had 432,615,535 shares in issue (excluding treasury stock) and 28,384,465 shares in treasury.
