Izawa Towel sets ¥436.8mn capped buyback as major shareholder seeks to sell
Izawa Towel approved a ToSTNeT-3 repurchase of up to 600,000 shares, or 6.2% of shares outstanding excluding treasury stock, at ¥728 a share for a maximum ¥436.8mn after a major shareholder signalled plans to sell. The order is valid only for the 8:45am June 26 session, so the structure is designed to absorb a block exit without leaning on regular trading, not to promise a large open-ended buyback.