自己株式取得/2025-05-13
取得完了
公表資料を発表・実施・結果の順に記録しています。この表示は選定した案件の調査状況であり、会社全体の評価ではありません。
2025 share buyback: 19.8 million shares
Santen completed the 19.8 million-share ceiling by 5 November 2025 for ¥31.896bn, below the ¥35bn spending ceiling. The contemporaneous cancellation notice set a future date; this case does not independently verify cancellation completion or attribute later ROE to this purchase.
時系列と出典(3件・内容は原文)
- 2025-05-13Board authorized repurchase Up to 19,800,000 shares (5.8%) and ¥35bn over 22 May–5 November 2025; the issuer cited shareholder returns and capital efficiency. 出典資料1
- 2025-05-21Five-year capital policy published The FY2025–29 plan put growth investment first, with opportunistic repurchases linked to share price and surplus cash; FY2029 ROE above 14% is a group target, not a buyback-specific return promise. 出典資料1
- 2025-11-05(公表 2025-11-06)Purchase period completed The issuer reported cumulative purchases of 19,800,000 shares for ¥31,896,010,850, then resolved to cancel 19,800,000 shares on a scheduled 28 November date. 出典資料1 ・ 出典資料2
経営陣が表明したこと
The 13 May 2025 board decision authorized up to 19.8m shares and ¥35bn through 5 November. Santen cited shareholder returns and capital efficiency; its 21 May plan prioritized growth investment and allowed opportunistic buybacks from surplus cash.
実際に行ったこと・時期
The issuer reported on 6 November that 19.8m shares had been purchased for ¥31,896,010,850 through 5 November. A separate board decision scheduled cancellation of 19.8m shares for 28 November; this record has not verified a later completion notice.
経済性について開示したこと
The plan frames buybacks as a use of surplus cash when investment opportunities and share price warrant it, against an FY2029 group ROE goal above 14%. The authorization quantifies capital used but does not publish an individual buyback return hurdle or expected EPS lift.
その後の経過
The share ceiling was fully used; actual spending was ¥3.104bn below the maximum. That verifies program execution, not an attributable improvement in economic returns. FY2029 ROE is not yet due and cancellation completion remains to be checked.
残る論点
Investor question: What portion of later ROE/EPS change comes from operating gains rather than the lower share count, and how were repurchases weighed against pipeline investment? IR preparation: provide a dated share-count/cancellation and normalized earnings bridge.
当調査の分析(会社の説明ではありません)