Tokyo Energy & Systems Inc.
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on Article 178 of the Companies Act)
The Company resolved at the Board of Directors meeting on February 16, 2026, to cancel 1,750,000 shares of common stock (5.00% of the total issued shares) on February 26, 2026.
Key Figures
- Total Number of Shares to be Cancelled: 1,750,000 shares (5.00% of total issued shares)
- Scheduled Cancellation Date: 2026-02-26
- Total Issued Shares After Cancellation: 33,223,752 shares
AI要約
Overview of Treasury Stock Cancellation
Tokyo Enesis Co., Ltd. resolved at its Board of Directors meeting on February 16, 2026, to cancel 1,750,000 shares of treasury stock (5.00% of total issued shares) pursuant to the provisions of Article 178 of the Companies Act. The cancellation is scheduled for February 26, 2026, after which the total issued shares will be 33,223,752.
Impact on Shareholders and Future Outlook
This treasury stock cancellation will reduce the total number of issued shares, which is expected to enhance the value per share. As of January 31, 2026, the number of treasury shares held was 1,838,879, of which a portion will be cancelled. Although the specific use of funds or detailed purpose is not stated, this action is positioned as part of shareholder returns.
