Oi Electric Co., Ltd.'s board approved buying back up to 175,000 of its own shares, worth as much as ¥866.25mn, in a single off-auction trade set for the Tokyo Stock Exchange's ToSTNeT-3 system at 8:45am on August 19, 2026. The price is fixed at ¥4,950 a share, the stock's closing quote (including the final special quote) from the announcement day itself. Oi Electric said it will publish the actual result shortly after the session closes.
The 175,000-share cap works out to 13.08% of shares outstanding excluding treasury stock. As of March 31, 2026, the company had 1,470,000 shares issued in total, of which 132,334 already sat in treasury.
The timing is the real story. Oi Electric disclosed that Mitsubishi Electric Co., Ltd., its largest and a major shareholder, has told the company it intends to sell shares of Oi Electric that it holds. The buyback is structured to take that stock off the market in one off-floor transaction rather than through the open exchange. Oi Electric noted the deal could change who ranks as its largest major shareholder and said it will disclose promptly if that shift is confirmed.
Management framed the repurchase as a step to improve capital efficiency, strengthen shareholder returns and keep its capital policy flexible. The company cautioned that market conditions could mean part or all of the planned purchase does not go through, and it has not disclosed what stake, if any, Mitsubishi Electric will retain once the trade settles.