Tosei Corporation (8923) said on Dec, 3 2025 that its share repurchase programme, which ran from Nov, 1 2025 to Nov, 30 2025, concluded without the company buying any shares.

The board had authorised the programme on Apr, 7 2025, allowing the purchase of up to 700,000 shares, or about 1.4% of the company’s outstanding stock, during the period from Apr, 11 2025 to Nov, 30 2025.

Tosei explained that it had set an upper price limit for the buyback and the market price remained above that level, resulting in no purchases.

The company said it will continue to balance growth investments, capital efficiency and financial soundness when considering future capital allocation.