T&D authorizes ¥30bn buyback and ties future returns to life-unit sale
The insurer authorized market purchases of up to 12 million shares, or 2.50% of shares outstanding excluding treasury stock, between June 8 and September 30. In a separate T&D Financial Life sale filing, it said about half of the after-tax proceeds are earmarked for future shareholder returns after closing, making this look more like a capital-allocation sequence than a one-off gesture.