Nichias Corporation
Notice Regarding Cancellation of Treasury Stock
Nichias Corporation announced the cancellation of 4,150,000 shares of common stock (6.12% of total outstanding shares) scheduled for February 27, 2026.
Key Figures
- Number of Shares Cancelled: 4,150,000 shares (6.12% of shares outstanding)
- Scheduled Cancellation Date: 2026-02-27
- Number of Shares Outstanding After Cancellation: 63,661,917 shares
AI要約
Summary of Capital Policy
At the board of directors meeting held on February 9, 2026, Nichias Corporation resolved to cancel 4,150,000 shares of treasury stock in accordance with the provisions of Article 178 of the Companies Act. The shares to be cancelled are common shares, corresponding to 6.12% of the total shares outstanding before cancellation. The scheduled cancellation date is February 27, 2026. As a result, the total number of shares outstanding after cancellation will be 63,661,917 shares.
Impact on Shareholders
The cancellation of treasury stock will reduce the total number of shares outstanding, which is expected to enhance the value per share. While specific details on use of funds or objectives are not stated, it is presumed that this action is intended to improve capital efficiency as part of shareholder returns. The elimination of dilution effects through cancellation may contribute to an increase in shareholder value.
