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TOKYO, December 10, 2004 -CSK CORPORATION ("CSK") announced that at a Board of Directors meeting today it resolved to repurchase treasury shares, pursuant to Article 211, Clause 3, Section 1-1 of the Commercial Code.
- 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
- Outline of transaction
| (1) |
Class of shares to be repurchased |
CSK ordinary shares |
| (2) |
Number of shares to be repurchased |
2,200,000 shares (maximum; 2.90% of total shares outstanding) |
| (3) |
Total share repurchase amount |
¥10,000 million (maximum) |
| (4) |
Planned date of repurchase |
From December 13, 2004 to March 23, 2005 |
For reference
Number of treasury shares held by CSK as of November 30, 2004:
| Total shares outstanding (excluding treasury stock) |
75,758,615 shares |
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| Treasury shares |
936,740 shares |
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