Kawasaki Kisen Kaisha, Ltd.
Announcement Regarding Cancellation of Treasury Stock
Cancellation of 44,429,000 shares of treasury stock. Planned total outstanding shares after cancellation: 594,743,067 shares. All treasury shares to be canceled. Planned cancellation date: October 2, 2026.
Key Figures
- 44,429,000 shares: Total number of shares to be canceled
- 594,743,067 shares: Planned total outstanding shares after cancellation
- 6.95%/6.96%: Percentage of outstanding shares (before cancellation)
AI要約
Overview
Kawasaki Kisen Kaisha, Ltd. has decided to cancel treasury stock based on a meeting of the board of directors. The target is common stock, with 44,429,000 shares to be canceled and the outstanding shares expected to be 594,743,067 after cancellation. All treasury shares have already been acquired up to the limit of 44,429,000 shares, and cancellation will be carried out in full. The scheduled cancellation date is October 2, 2026.
Background and Future Outlook
This is a cancellation of treasury stock under Article 178 of the Companies Act, with the acquisition period from June 1, 2026 to September 30, 2026. The acquisition method was to be a combination of ToSTNeT-3 and market purchases. The reduction in total shares after cancellation is expected to mitigate dilution and improve capital efficiency. Details on cost-effectiveness and financial impact will be disclosed separately in due course.
Kawasaki Kisen Kaisha, Ltd.
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