Toyo Engineering Corporation
Notice Regarding Cancellation of Treasury Stock
Toyo Engineering has resolved to cancel 6,240,200 Class A preferred shares (100% of the issued shares) effective April 30, 2026.
Key Figures
- Number of Class A preferred shares to be cancelled: 6,240,200 shares (100% of issued shares)
- Effective date of cancellation: April 30, 2026
- Number of issued Class A preferred shares after cancellation: 0 shares
AI要約
Overview of Capital Policy
At its board meeting held on April 23, 2026, Toyo Engineering Corporation resolved, pursuant to Article 178 of the Companies Act, to cancel 6,240,200 Class A preferred shares. This corresponds to 100% of the issued Class A preferred shares as of March 31, 2026, with the effective date set for April 30, 2026. After cancellation, the total number of issued Class A preferred shares will be zero. Meanwhile, the total number of issued common shares remains unchanged at 58,828,807 shares.
Impact on Shareholders
As a result of this treasury stock cancellation, all Class A preferred shares will be cancelled, leading to a reduction in the number of shares held by shareholders owning these shares. There is no change in the total number of issued common shares, and no dilution impact is expected. There is no mention of funds usage or specific shareholder return measures associated with the cancellation. Investors should pay attention to the purpose of the cancellation and future trends in capital policy.
Toyo Engineering Corporation
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