Yamaha : Notice Concerning the Status of Acquisition of Treasury Stock
September 01, 2021 at 01:32 pm IST
Share
September 1, 2021
For Immediate Release
Company Name: YAMAHA CORPORATION
President and Representative Executive Officer: Takuya Nakata
Code Number: 7951 (First Section of Tokyo Stock Exchange)
Notice Concerning the Status of Acquisition of Treasury Stock
(Acquisition of Treasury Stock Pursuant to the Articles of Incorporation Based on the Provision of Article
165, Paragraph 2 of the Companies Act)
Yamaha Corporation (hereinafter, the Company) announces that the status of acquisition of treasury stock based on the application of the provisions of Article 156 of Japan's Companies Act pursuant to the rewording of Article 165- 3.
1. Type of shares acquired
: Common shares of the Company
2. Number of shares acquired
: 2,619,100 shares
3. Amount of acquisition
: ¥16,732,980,994
4. Acquisition period
: August 24, 2021 to August 31, 2021 (Trade Base)
5. Acquisition method
: Purchase on the Tokyo Stock Exchange market
(Including Off-Auction Own Share Repurchase Trading (ToSTNeT-3))
(Reference)
Details of resolution at the Board of Directors meeting concerning the acquisition of treasury stock (announced on August 23, 2021)
Type of shares to be acquired: Common stock of the Company
Total number of shares to be acquired: 6,000,000 shares (maximum) (Representing 3.4% of outstanding shares, excluding treasury shares)
Total amount of acquisition: ¥28.0 billion (maximum)
Acquisition period: August 24, 2021 to February 28, 2022
Acquisition method: Purchase on the Tokyo Stock Exchange market (Including Off-Auction Own Share Repurchase Trading (ToSTNeT-3))
Total number of treasury shares acquired since the above resolution at the Board of Directors meeting and total amount of acquisition cost
Total number of shares acquired: 2,619,100 shares
Total amount of acquisition cost: ¥16,732,980,994
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For further information, please contact:
Yamaha Corporation
Corporate Communications Division, Media Relations Group
Yamaha Corporation published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 08:01:06 UTC.
Yamaha Corporation is a diversified group organized around 4 areas of activity:
- design and manufacturing of music instruments (64.1% of net sales): pianos, digital music instruments, wind instruments, string instruments, percussion instruments, music software, etc. The group is also providing training services in music and English language;
- production of audio and IT equipments (27.9%): loud speakers, online karaoke equipments, routers, conference systems, etc.;
- other (8%): sale of electronic equipments, golf products, automotive interior components, etc.
Net sales are distributed geographically as follows: Japan (29%), North America (20%), Europe (20%), China (16%) and others (15%).