i-mobile pairs a ¥700 million buyback with insider share sales
i-mobile approved repurchases of up to 1.2 million shares, or 2.14% of shares outstanding excluding treasury stock, for as much as ¥700 million between June 12 and June 30, starting with a ToSTNeT-3 order for up to 400,000 shares at ¥492. The company also disclosed partial share sales by its chairman and president. Management framed the package as shareholder return, capital efficiency and Prime-market housekeeping, which makes this look less like a routine buyback and more like ownership-structure maintenance with cash return attached.