Shikoku Electric Completes Targeted Share Buyback to Offset Cross-Shareholding Unwind
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Shikoku Electric Power Company has completed a buyback of 1,864,000 shares for approximately ¥3.22 billion, finalizing its treasury share acquisition program. This buyback, slightly below the approved limit, aims to mitigate short-term supply-demand pressure and enhance capital efficiency in response to a corporate shareholder's decision to unwind cross-shareholdings. The move is part of a broader strategy to stabilize share price dynamics and signal a commitment to shareholder-focused capital allocation amid Japan's efforts to reduce cross-shareholdings.
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