Nissan Motor Co. Enhances Capital Efficiency with Share Repurchase

Nissan Motor Co (JP:7201) has released an update.

Nissan Motor Co., Ltd. has repurchased 195,473,600 shares of its common stock for 79,850,965,600 JPY, following an offer from Renault to sell part of its holdings, and intends to cancel all the acquired shares to enhance shareholder returns and capital efficiency. The transaction, which represents 5.03% of Nissan’s issued shares (excluding treasury shares), was executed through the ToSTNeT-3 off-auction trading system on the Tokyo Stock Exchange and will be funded using Nissan’s net cash. The cancellation is scheduled for October 3, 2024, which will leave Nissan with 3,692,065,248 issued shares and 21,933,364 treasury shares.

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