Tokyo Tekko Co., Ltd.
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on Article 178 of the Companies Act)
On March 25, 2026, 920,000 shares of common stock (9.82% of total issued shares) will be cancelled, resulting in a total of 8,445,305 shares outstanding after cancellation.
Key Figures
- Total Number of Shares to be Cancelled: 920,000 shares (Ratio to total shares issued before cancellation: 9.82%)
- Scheduled Cancellation Date: March 25, 2026
- Total Shares Outstanding After Cancellation: 8,445,305 shares
AI要約
Overview of Capital Policy
Tokyo Steel Manufacturing Co., Ltd. resolved to cancel treasury stock based on the provisions of Article 178 of the Companies Act at the Board of Directors meeting held on March 13, 2026. The cancellation targets 920,000 shares of the Company's common stock, representing 9.82% of the total shares issued before cancellation. The scheduled cancellation date is March 25, 2026. The total shares outstanding after cancellation will be 8,445,305 shares.
Impact on Shareholders
This cancellation of treasury stock will reduce the total number of shares outstanding, which is expected to enhance the value per share. The change in capital structure resulting from the cancellation may help prevent dilution, thereby potentially contributing to an increase in shareholder value. There is no description regarding the purpose or use of funds from the cancellation.
