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Tokyo, May 16, 2007 - CSK HOLDINGS CORPORATION ("CSK") announced that at a Board of Directors meeting today it resolved to repurchase treasury shares, pursuant to Article 156 of the Corporate Act, as revised and applied from Article 165, Clause 3 of the Commercial Code.
1. Reason for repurchase
To increase capital efficiency and implement flexible capital policies in accordance with the business environment, based on CSK's Articles of Incorporation
2. Outline of transaction
| (1) |
Class of shares to be repurchased |
CSK ordinary shares |
| (2) |
Number of shares to be repurchased |
1,000,000 shares (maximum; 1.35% of total shares outstanding) |
| (3) |
Total share repurchase amount |
¥5,000 million (maximum) |
| (4) |
Planned date of repurchase |
From May 17, 2007 to June 29, 2007 |
For reference
Number of treasury shares held by CSK as of March 31, 2007:
| Total shares outstanding (excluding treasury stock) |
74,288,768 shares |
| Treasury shares |
4,148,356 shares |
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