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Updated 10/31 09:30M&A / TOB 1 Guidance 0 Buybacks 0 Dividends 0 Capital 0 Earnings 0 People 0

USS completes buyback adjustment; effective repurchase set at 9,580,100 shares

Fri, Oct 02, 2026 16:00 JST USS Co., Ltd. (4732.T) Used-car auctions 中文

USS Co., Ltd. (4732) said on Oct. 2 its facility-type share buyback was finalized at an effective 9,580,100 shares after SMBC Nikko Securities exercised stock acquisition rights for 752,800 shares, with the effective total cost unchanged at ¥17,999,911,800.

Effective shares acquired9,580,100 shares
Shares delivered in adjustment752,800 shares
Effective total acquisition cost¥17,999,911,800
Average VWAP¥1,915.3763

The buyback was announced on May 12, 2026. In an off-hours ToSTNeT-3 trade on May 13, USS acquired 10,332,900 shares for a total of ¥17,999,911,800. Of those, SMBC Nikko Securities sold 8,317,000 shares on its own account, receiving ¥14,488,214,000.

Under the adjustment mechanism, the amount SMBC Nikko received was divided by an average VWAP of ¥1,915.3763, yielding 7,564,200 shares after rounding up to the nearest 100 shares. The average VWAP is the simple arithmetic mean of daily volume-weighted average prices for regular trading on the Tokyo Stock Exchange from May 14 through Oct. 1, 2026, multiplied by 99.80%. Days from five trading days before the last trading day of each fiscal quarter through quarter-end, and days with no VWAP, were excluded.

On Oct. 2, SMBC Nikko exercised the company's 24th series stock acquisition rights at an exercise price of ¥1, receiving 752,800 shares, the difference between the shares it sold and the 7,564,200 shares.

ItemFigure
Shares acquired via ToSTNeT-3 (May 13)10,332,900
Shares delivered in adjustment752,800
Effective shares acquired9,580,100
Effective total cost¥17,999,911,800

Net of the delivered shares, USS's effective repurchase under the facility-type program stands at 9,580,100 shares. The effective total acquisition cost is unchanged from the ¥17,999,911,800 paid in the May 13 ToSTNeT-3 trade.


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