Convano (6574) Approves Share Buyback of Up to ¥4.5 billion (7.33% of Shares Outstanding) | TDnet Disclosure

Convano (6574) announced on August 24, 2026, a resolution to acquire treasury shares up to ¥4.5 billion and 45 million shares, representing 7.33% of issued shares excluding treasury stock, through open market purchases. The company operates the nail salon chain "Fast Nail" with 73 locations across the Kanto, Tokai, and Kansai regions, while also conducting consulting and healthcare businesses. Acquiring 7.33% of issued shares would theoretically boost earnings per share by roughly one-tenth in proportional terms.

The acquisition method is market purchase, with an assumed acquisition price of ¥100 per share. The stock price at disclosure was ¥126, suggesting the company intends to buy below current levels. The actual acquisition amount may fall short of the ¥4.5 billion ceiling. Gradual adjustment of shareholding through market purchases appears to be the intended approach. In the fiscal year ending March 2026, Convano recorded sales revenue of ¥15.5 billion, with nail business contributing ¥3.2 billion and healthcare business ¥2.3 billion, reflecting a significant weight on other segments.

Details on execution timing and progress of the buyback will emerge through future disclosures. *Speculation: Whether acquired shares are canceled and the timing of such action will shape perceptions of the company's capital efficiency strategy going forward.