Gunze Limited
Notice Regarding Cancellation of Treasury Stock
Gunze Limited resolved to cancel 3,000,000 shares of treasury stock (8.67% of the total outstanding shares) as of March 31, 2026.
Key Figures
- Total Shares to be Cancelled: 3,000,000 shares (8.67% of total outstanding shares)
- Scheduled Cancellation Date: 2026-03-31
- Total Outstanding Shares After Cancellation: 31,587,032 shares
AI要約
Overview of Capital Policy
At the Board of Directors meeting held on March 6, 2026, Gunze Limited resolved to cancel 3,000,000 shares of treasury stock in accordance with Article 178 of the Companies Act. The number of shares to be cancelled corresponds to 8.67% of the total outstanding shares, with the scheduled cancellation date set for March 31, 2026. Following cancellation, the total outstanding shares will be 31,587,032.
Impact on Shareholders
The cancellation of treasury stock will reduce the total number of outstanding shares, which is expected to enhance the value per share. This initiative is positioned as part of efforts to improve capital efficiency and return to shareholders, aiming to increase shareholder value. Details regarding the use of funds related to this cancellation were not disclosed.
