Subaru Updates Share Repurchase Progress; 10.85M Shares Bought for ¥27.04B
Subaru Corporation reported repurchasing 10.85 million shares for ¥27.04 billion in June, part of a larger buyback program approved in May.
- 10,852,100
- ¥27,040,890,050
- 80 million shares (11.2% of outstanding)
What Happened
Board of Directors approved repurchase of up to 80 million shares (11.2% of outstanding) for up to ¥150 billion.
Subaru repurchased 10,852,100 shares for ¥27,040,890,050 on the Tokyo Stock Exchange.
The repurchase is conducted under Article 156 of the Companies Act. The Company plans to continue repurchasing shares through March 16, 2027, up to the authorized limits.
Why this matters
Share repurchases signal confidence in the company's financial health and can increase shareholder value by reducing the number of shares in circulation.
Terms in This Story
- treasury stock
- Shares that a company has issued and later repurchased, held in its own treasury rather than being canceled.
Summarised from the linked release; details can be imperfect — always verify against the original source.