[Delayed]Notice: Decision on Matters Pertaining to Share Repurchase and Cancellation of Treasury Shares
May 25, 2022 at 12:58 pm EDT
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Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
May 24, 2022
Company name: Iida Group Holdings Co., Ltd.
Representative: Masashi Kanei, President and Representative Director
Stock code: 3291, Tokyo Stock Exchange (Prime Market)
For inquiry: Hiroshi Nishino, Executive Board Director and Representative Director（Tel: +81-422-38-8828）
Notice: Decision on Matters Pertaining to Share Repurchase and Cancellation of Treasury Shares
(Repurchase based on the rules stipulated in the Articles of Incorporation under Article 165, Item 2 of the
Companies Act and cancellation pursuant to Article 178 of the Companies Act)
Iida Group Holdings Co., Ltd. (hereafter "the Company") announces that it decided at the Board of Directors' meeting held on May 24, 2022, to repurchase its own shares based on Article 156 of the Companies Act as applied pursuant to Article 165, Item 3 of the same Act, and cancel treasury shares pursuant to Article 178 of the Companies Act.
１．Reason for the share repurchase and the cancellation of treasury shares
The Company will start the above mentioned repurchase of its own shares and the cancellation of treasury shares to improve capital efficiency and enhance return to shareholders.
２．Details of the repurchase
（１）
Class of shares for the
Common shares of the Company
repurchase
（２）
Limit of the number of
8 million shares
shares for the repurchase
(Ratio to the total number of issued shares, excluding treasury shares: 2.77%)
（３）
Total value of the
￥20 billion
repurchase
（４）
Period of the repurchase
From May 25, 2022 to May 24, 2023
（５）
Method of the repurchase
Market purchase in Tokyo Stock Exchange
※The Company plans to retire all the shares repurchased.
３．Details of the cancellation
（１）
Class of shares for the
Common shares of the Company
cancellation
（２）
The number of shares for
6,052,582 shares
the cancellation
(Treasury shares the Company held as of March 31, 2022)
（３）
Scheduled date for the
June 10, 2022
cancellation
（Ref.）The number of treasury shares as of March 31, 2022
Total number of issued shares
288,379,057 shares
(excluding treasury shares)
Number of treasury shares
6,052,582 shares
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Disclaimer
Iida Group Holdings Co. Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:22 UTC.
Iida Group Holdings Co., Ltd. is a holding company, which is principally engaged in the operation of real estate business. Through the subsidiaries, the Company is engaged in the detached house sale business, including the purchase of commercial lands, reclamation, planning, design, construction and sale, the provision of after-sale services, and land subdivision operation; the condominium sale business, including the operative construction and distribution of condominiums, and the contracted works, including the undertaken of real estate construction works. The Company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others. On May 22, 2014, it acquired 94.54% interests in a Japan-based company.
IIDA GROUP HOLDINGS CO., LTD. 
