Lintec (7966) Approves Share Buyback of Up to ¥30.0 billion (10.55% of Shares Outstanding) | TDnet Disclosure

Lintec (7966) disclosed on 2026-08-20 through TDnet that its board had approved a share buyback of up to ¥30 billion, or 6,910,000 shares, equal to 10.55% of shares outstanding excluding treasury stock. Lintec makes adhesive products, paper products and electronic materials, supplying packaging materials, films and labels to industrial customers.

At 10.55%, the frame would lift earnings per share by roughly a tenth if used in full, a scale that changes the shareholder register rather than simply tightening supply. The company will buy through ToSTNeT-3, the Tokyo Stock Exchange's off-auction facility, across three sessions from August 24 to August 26, 2026.

ToSTNeT-3 fills before the opening auction of the next trading day at the previous day's closing price, which is why it is so often used to absorb a block sale from a large holder. Dividing the ¥30 billion cap by the 6.91 million share cap implies ¥4,342 per share, only 76% of the ¥5,730 close on the disclosure date. Because the frame ends at whichever cap is reached first, buying near the recent close would exhaust the yen cap before the share cap.

The disclosure does not mention cancelling the shares. The cap is an authorisation, and actual purchases can come in below it. *Speculation: Spreading a ToSTNeT-3 purchase over three sessions suggests the company expects to absorb sales from more than one holder.