Meito Co., Ltd.
Notification of Completion of Treasury Stock Cancellation (Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)
On February 27, 2026, Meito Co., Ltd. completed the cancellation of 637,600 shares of treasury stock (3.68% of the total outstanding shares). After cancellation, the total number of outstanding shares is 16,651,708 shares.
Key Figures
- Total Number of Shares Cancelled: 637,600 shares (Ratio to total outstanding shares before cancellation: 3.68%)
- Date of Cancellation: 2026-02-27
- Total Outstanding Shares After Cancellation: 16,651,708 shares
AI要約
Overview of Capital Policy
Meito Co., Ltd. executed the cancellation of treasury stock by a resolution of the Board of Directors based on the provisions of Article 178 of the Companies Act. The cancelled shares comprised 637,600 shares of the Company's common stock, representing 3.68% of the total outstanding shares prior to cancellation. The cancellation date was February 27, 2026, and the total number of outstanding shares after cancellation is 16,651,708 shares.
Impact on Shareholders
This treasury stock cancellation reduces the total number of outstanding shares, which is expected to enhance the value per share. While specific uses of funds or purposes are not stated, this capital policy is considered aimed at improving shareholder value. Although the market impact is presumed limited, the reduction in outstanding shares contributes to mitigating dilution.
