Oi Electric Co., a Tokyo Stock Exchange Standard Market-listed electronics maker (ticker 6822), completed a share buyback on August 19, 2026, acquiring close to 13% of its own stock.
The company bought 173,800 common shares, equal to 12.99% of shares outstanding excluding treasury stock, for a total of ¥860.3mn. The purchase went through ToSTNeT-3, the Tokyo Stock Exchange's off-auction system for treasury-share repurchases.
The trade came in just under the ceiling Oi Electric's board had set the day before. On August 18, the board authorized a repurchase of up to 175,000 shares (13.08% of shares outstanding) and up to ¥866.3mn. The August 19 purchase used nearly all of that room, and the company said the program authorized on August 18 is now complete.
| Metric | Authorized (Aug 18) | Executed (Aug 19) |
|---|---|---|
| Shares repurchased | Up to 175,000 shares (13.08%) | 173,800 shares (12.99%) |
| Total repurchase value | Up to ¥866.3mn | ¥860.3mn |
Oi Electric gave two reasons for the buyback: improving capital efficiency and strengthening shareholder returns, alongside what it described as flexible capital management.
The size of the transaction stands out. Repurchasing nearly 13% of outstanding equity is a large move for a company of this scale, particularly when the whole program from board approval to completion ran in two days. The filing does not disclose who sold the shares, nor does it say whether the repurchased stock will be cancelled outright or held as treasury shares for future use such as compensation plans or a later exchange. Those details were not part of this release.