Kansai Paint Co (JP:4613) has released an update.
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Kansai Paint Co., Ltd. has executed a repurchase of 6.1 million of its common stock shares on August 29, 2024, with the intention of enhancing capital efficiency and shareholder returns, with considerations for cancelling the repurchased shares. The transaction was carried out through an off-auction own share repurchase (ToSTNeT-3) on the Tokyo Stock Exchange, costing a total of ¥15.78 billion. Following the Board’s resolution, the cumulative repurchased shares amount to 22.4 million, valued at ¥57.2 billion, as part of a larger buyback plan authorizing up to 40 million shares or ¥80 billion by May 2025.
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