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TOHO GAS surges further in afternoon session following announcement of share buyback up to 4.4%
TOHO GAS CO.,LTD. <9533> extended gains in the afternoon session. The company announced on the same day a share buyback program with an upper limit of 4 million shares (4.4% of issued shares excluding treasury stock) and \15 billion in value, on a pre-split basis before the 1-for-4 stock split to be implemented on April 1. The announcement attracted buying interest. The acquisition period will run from April 1 to September 30. At the same time, TOHO GAS released its business plan for fiscal 2026. The plan targets a total of 3.16 million contracts for city gas, LPG, and electricity combined in the energy business for fiscal 2026 (compared to an estimated 3.12 million in fiscal 2025), and capital investment and financing of \87 billion (compared to \65 billion in fiscal 2025).
Source: MINKABU PRESS
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