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October 28, 2022
OKASAN SECURITIES GROUP INC.
Notice of Determination of Matters Concerning the Purchase of Treasury Shares
(Purchase of Treasury Shares in Accordance with the Articles of Incorporation Pursuant to the Provisions of Article 165 Paragraph 2 of the Companies Act)
At the Board of Directors meeting held on October 28, 2022, Okasan Securities Group Inc. resolved the following certain matters concerning the purchase of treasury shares under the provisions of Article 156 of the Companies Act, as applied pursuant to Article 165 Paragraph 3 of the same.
1. Reason for purchasing treasury shares
This purchase is part of the Group's financial strategy to implement a flexible capital policy in response to changes in the management environment and to fortify shareholder returns for the upcoming 100th anniversary of the Company's founding. Going forward, we will continue to consider measures that enhance shareholder returns, including purchasing treasury shares, while taking into account factors such as the need to strike an appropriate balance with investments for growth, as well as financial soundness.
2. Specifics of the matters concerning the purchase
| (1)Type of shares to be purchased | Common shares of the Company |
|---|---|
| (2)Total number of shares to be purchased | 7,000,000 shares (maximum) (Ratio to total shares issued (excluding treasury shares): 3.19%) |
| (3)Total share purchase amount | 2.5 billion yen (maximum) |
| (4)Purchase period | From November 1, 2022 to March 24, 2023 |
| (5)Method of purchase | Market purchases on the Tokyo Stock Exchange (trust method) |
(For reference) Treasury share holdings as of October 27, 2022
Total shares issued (excluding treasury shares): 219,424,899 shares
Treasury shares: 11,792,174 shares
- The 8,075,180 shares of the Company owned by Okasan Asset Management Co., Ltd., a wholly owned subsidiary of the Company, do not constitute treasury shares and are scheduled to be purchased on November 14 free of charge by the Company through dividends in kind.