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YCP Holdings Buyback Closes In On Its ¥2.43bn Ceiling

YCP Japan's ¥392.4mn purchase of 600,000 depositary receipts on July 13 pushes the Tokyo Growth-market company's cumulative buyback to ¥2.28bn, close to the cap on a mandate that runs to December 30, 2026.

Jul 13, 20262 min readYCP Holdings (Global) Limited9257
Abstract illustration of stacked yen-denominated blocks climbing toward a capped ceiling line, symbolizing a share buyback program nearing its spending limit.

YCP Holdings (Global) Limited, traded on the Tokyo Stock Exchange's Growth market under code 9257, said its wholly owned subsidiary YCP Japan bought 600,000 Japanese Depositary Receipts (JDRs) tied to the company's common shares on July 13, 2026. The purchase cost ¥392.4mn and was carried out through ToSTNeT-2, the Tokyo Stock Exchange's off-auction closing-price trading system. Under the same mandate, YCP Japan can also buy shares through ordinary discretionary-mandate trading on the exchange floor; the July 13 trade used ToSTNeT-2 instead.

The trade falls under a repurchase mandate that YCP Japan's board approved on April 24, 2026. The mandate caps buying at 3,185,000 JDRs, equal to 14.25% of shares outstanding excluding treasury stock, or ¥2.43bn (US$15mn), whichever limit arrives first. YCP Holdings converted the dollar figure at ¥162.16 per dollar, the mid-rate Mizuho Bank quoted for customer spot transactions on July 10, 2026. The buying window runs from May 18 to December 30, 2026.

YCP Holdings JDR Buyback, at a Glance
Figures as disclosed in the July 13, 2026 TDnet filing.
MetricValue
Unit cap under mandate3,185,000 JDRs (14.25% of shares outstanding)
Value cap under mandate¥2.43bn (US$15mn)
Mandate windowMay 18 to December 30, 2026
July 13 purchase600,000 JDRs for ¥392.4mn via ToSTNeT-2
Cumulative under mandate2,992,200 JDRs for ¥2.28bn

Including the July 13 trade, YCP Japan has now bought 2,992,200 JDRs under the mandate, for a cumulative ¥2.28bn. Both figures sit close to the mandate's ceilings, with more than five months still left before the December 30 deadline. The filing itself does not break out how much of the ¥2.43bn ceiling remains unspent, only the cumulative total already committed.

The disclosure lists Hiroki Ishida, YCP Holdings' director and group CEO, as the company's representative, with Tetsuro Nakamura of the investor relations group named as the contact. The filing does not say whether YCP Japan intends to seek a new repurchase resolution once the current mandate is spent or lapses, only that this latest 600,000-unit purchase has been completed and reported.