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July 26, 2024
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 July 26, 2024, 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.
Details
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 of the shareholder returns based on shareholder return policies announced on March 24, 2023.
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 | 2,000,000 shares (maximum) (Ratio to total shares issued (excluding treasury shares): 0.98%) |
| (3) Total share purchase amount | 1.5 billion yen (maximum) |
| (4) Purchase period | From July 30, 2024 to October 31, 2024 |
| (5) Method of purchase | Market purchases on the Tokyo Stock Exchange (discretionary trading method) |
(For reference)
- The Company announced the following shareholder return policies on March 24, 2023.
Introduction of the total payout ratio
Set the total payout ratio* at 50% or more as an index for shareholder return.
*Total payout ratio = (Total dividends paid + Share purchase amount) / Net income attributable to owners of the parentOngoing share repurchases (From FY ending March 2024 to FY ending March 2028)
Over the course of the Medium-term Business Plan, conduct yearly share repurchases of at least one billion yen until the PBR exceeds 1.0.
- Treasury share holdings as of July 25, 2024
Total shares issued (excluding treasury shares): 203,570,664 shares
Treasury shares: 27,646,409 shares
Note: This News Release has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between the English text and the Japanese original, the original shall prevail.