Teikoku Electric Mfg.Co.,Ltd.
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on Article 178 of the Companies Act)
Scheduled cancellation of 1,100,000 shares of treasury stock (6.5% of total outstanding shares) on February 27, 2026. The total number of outstanding shares after cancellation will be 15,780,038 shares.
Key Figures
- Total number of shares to be cancelled: 1,100,000 shares (6.5% of total outstanding shares)
- Scheduled cancellation date: 2026-02-27
- Total number of outstanding shares after cancellation (including treasury stock): 15,780,038 shares
AI要約
Overview of Treasury Stock Cancellation
Teikoku Electric Mfg. Co., Ltd. resolved at the Board of Directors meeting held on February 9, 2026, to cancel 1,100,000 shares of treasury stock held by the company, in accordance with the provisions of Article 178 of the Companies Act. The scheduled cancellation date is February 27, 2026, and the number of shares to be cancelled corresponds to 6.5% of the total outstanding shares.
Impact on Shareholders
Following the treasury stock cancellation, the total number of outstanding shares will be 15,780,038 shares, and the number of treasury shares will be 452,520 shares. This will eliminate the dilution of issued shares and is expected to enhance the value per share. There is no statement regarding the purpose or use of funds.
