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- Notice Regarding the Results of the Treasury Stock Repurchase-Repurchase of Treasury Stock in Accordance with the Articles of Incorporation Pursuant to Article 165, Item 2. of the Companies Act-
Press Room
Notice Regarding the Results of the Treasury Stock Repurchase
-Repurchase of Treasury Stock in Accordance with the Articles of Incorporation Pursuant to Article 165, Item 2. of the Companies Act-
2011-12-14
At a board meeting held on November 22, 2011, the Board of Directors of Toyota Tsusho Corporation (hereinafter referred to as "Toyota Tsusho" or the "Company") passed a resolution to repurchase treasury stock pursuant to Article 156 of the Companies Act, which in turn is applied on the basis of Article 165, Item 3. of the same Act. A summary of the executed stock repurchase is provided below.
Please also note that all stock repurchases made pursuant to the resolution passed at the board meeting held on November 22, 2011 has now been completed and no further repurchases are planned for the time being.
Summary
| Reason(s) for Repurchasing Treasury Stock |
In order to carry out stock swap agreements |
|---|---|
| Type of Stock to be Repurchased |
Common stock |
| Total Number of Shares Repurchased |
745,000 shares |
| Total Acquisition Price |
JPY1,004,254,700 |
| Repurchase Period |
December 9, 2011 to December 14, 2011 (based on the day of trade) |
| Acquisition Method |
Purchase on Tokyo Stock Exchange using the trust method (i.e. repurchase is executed by a trust company with funds from Toyota Tsusho) |
[For Reference]
1. Details of Items Relating to the Repurchasing of Treasury Stock
(as disclosed on November 22, 2011)
| Type of shares to be repurchased |
Company's common stock |
|---|---|
| Total number of shares to be repurchased |
1,400,000 shares (maximum) |
| Overall value of repurchased shares |
JPY1,400,000,000 (maximum) |
| Repurchase period |
November 24, 2011 to January 23, 2012 (based on the day of trade) |
2. Progress as of December 14, 2011
| Total number of shares repurchased |
745,000 shares |
|---|---|
| Total acquisition price |
JPY1,004,254,700 |




















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