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Tokyo Electron continues to rise on stock split and share buyback announcement

Mon Jun 1, 2026 9:19 am JST Catalyst

Tokyo Electron Limited <8035> extended its gains. The company announced after the market close on May 29 that it will conduct a 5-for-1 stock split with a record date of September 30, triggering buying. The split aims to lower the investment unit price to create a more accessible environment and expand the investor base.

At the same time, Tokyo Electron announced a share buyback program of up to 7.5 million shares (1.64% of outstanding shares excluding treasury stock) or 150 billion yen, which also supported sentiment. The buyback period will run from June 1 to March 31 next year. The company said the framework is designed to enable flexible share repurchases, comprehensively considering growth investments based on medium- to long-term profit growth and its current cash position. The upper limit after the stock split will be 37.5 million shares.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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