Terumo Announces Share Buyback and Cancellation Plan

Terumo (JP:4543) has released an update.

Terumo Corporation has decided to buy back up to 15 million of its own shares for a maximum of 30 billion yen to enhance shareholder returns and improve capital efficiency. The buyback is connected to a secondary offering of shares and will occur after the settlement date of this offering, between September 17 and December 30, 2024. All acquired shares will be cancelled on January 17, 2025, to mitigate the impact on the company’s share supply and demand.

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