Notice of Completion and Result of Acquisition of Treasury Stock, and Decision on Matters
Relating to Acquisition of Treasury Stock
(Acquisition of Treasury Stock under the Provisions of the Articles of Incorporation pursuant to Article 459,
Paragraph 1 of the Companies Act of Japan)
TSUGAMI CORPORATION announces the completion of acquisition period and result of the acquisition of treasury stock (under the provisions of the Articles of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act) that it resolved at the Board of Directors' meeting held on November 10, 2023. Details are as stated in section I below.
The Company also announces that at a meeting of its Board of Directors held on May 14, 2024, it resolved matters concerning the acquisition of treasury stock pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act. Details are as stated in section II below.
I Completion and result of acquisition of treasury stock
1.
Acquisition period:
From November 10, 2023 to May 13, 2024
2.
Class of stock to be acquired:
Common stock
3.
Resolution passed at the Board of Directors' meeting held on November 10, 2023 and results of acquisition
Content of resolution
Results of acquisitions
Utilization rate
Total number of shares able to
500 thousand shares
460 thousand shares
92.00%
be acquired
(maximum)
Total value of shares to be
550 million yen
547,558,100 yen
99.56%
acquired
(maximum)
The Company has acquired treasury stock as shown in the table above, comprehensively considering its
financial position and the trends in its stock price.
4. Method of acquisition
Purchase on the market of the Tokyo Stock Exchange
II Decision on matters relating to acquisition of treasury stock 1．Reason for the acquisition of treasury stock
To implement flexible capital policy measures in response to future changes in the management environment. 2．Details of matters concerning the acquisition
(1) Type of stock to be acquired:
Common stock of the Company
Total number of shares able to be acquired: 500 thousand shares (maximum)
(Ratio to the total number of shares issued (excluding treasury stock)1.05%)
(3)
Total value of shares to be acquired:
750million yen (maximum)
(4) Acquisition period:
From May 14, 2024 to November 12, 2024
(5)
Method of acquisition
Purchase on the market of the Tokyo Stock Exchange
(Reference)
Holding status of treasury stock as of May 13, 2024
Total number of outstanding shares:
50,000 thousand shares
Number of treasury stock:
2,500 thousand shares
Ratio of treasury stock to the total number of outstanding shares: 5.00%
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Tsugami Corporation published this content on
14 May 2024 and is solely responsible for the information contained therein. Distributed by
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22 May 2024 21:38:10 UTC.
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
