Resolution on acquisition limit
Resolved Monday, 27 April 2026Tender offer for treasury sharesThe full horizontal line represents all issued shares, with marks at 10% intervals. The colored section represents the percentage stated in the resolution as the maximum proportion that may be repurchased under it.
This is a limit, and does not mean that the company will buy back all of it. The amount actually acquired will be shown in a later disclosure on the status of the acquisition of treasury shares.
From 28 April 2026 to 30 June 2026
The Company believes that acquiring a portion of the common shares it currently owns as treasury shares will enable it to acquire a sizable number of treasury shares within a relatively short period without impairing the liquidity of its common shares, contribute to improving capital efficiency including its return on equity (ROE), and lead to the return of profits to shareholders. The acquisition will also contribute to the realization of the Company's basic policy of further strengthening shareholder returns.
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 33,500,100 shares (maximum) |
| Percentage of total issued shares | 16.92％ |
| Total acquisition price | ¥223,680,167,700 (maximum) |
| Acquisition period | From 28 April 2026 to 30 June 2026 |
| Method of acquisition | Tender offer for treasury shares |
| Reason for acquisition | The Company believes that acquiring a portion of the common shares it currently owns as treasury shares will enable it to acquire a sizable number of treasury shares within a relatively short period without impairing the liquidity of its common shares, contribute to improving capital efficiency including its return on equity (ROE), and lead to the return of profits to shareholders. The acquisition will also contribute to the realization of the Company's basic policy of further strengthening shareholder returns. |
| Resolution date | Monday, 27 April 2026 |
| Number of shares to be retired | 33,500,000 shares |
| Scheduled retirement date | 30 June 2026 |
| Current number of treasury shares | 1,966,478 shares (as of 31 March 2026) |
| Total number of issued shares | 197,987,702 shares (excluding treasury shares, as of 31 March 2026) |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The acquisition is intended to respond to the Kansai Electric Power Group's intention to sell, and to achieve a sizable treasury share acquisition within a relatively short period without impairing liquidity, thereby improving the efficiency of shareholders' equity, enhancing capital efficiency including ROE, and returning profits to shareholders. The Company also states that this will contribute to the realization of its basic policy of further strengthening shareholder returns.