• Tokai Carbon set a buyback of up to 11,210,700 shares worth JPY 15 billion via ToSTNeT-3 at JPY 1,338 per share on May 14.
• Transaction uses a fully committed share repurchase structure, with Nomura Securities expected to provide shares for the off-auction repurchase.
• Final repurchase price will be adjusted to 100.176% of VWAP over a post-buyback measurement period, potentially changing final share count.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tokai Carbon Co. Ltd. published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.