Sumitomo Densetsu Co.,Ltd.
Notice Regarding Share Cancellation
The company plans to cancel 446,895 treasury shares (1.25% of total outstanding shares) on March 4, 2026. After cancellation, the total number of outstanding shares will be 35,188,984.
Key Figures
- Number of shares to be cancelled: 446,895 shares (1.25% of total outstanding shares)
- Scheduled cancellation date: 2026-03-04
- Total shares outstanding after cancellation: 35,188,984 shares
AI要約
Overview of Capital Policy
Sumitomo Densetsu Co., Ltd. resolved at the Board of Directors meeting held on January 7, 2026, to cancel 446,895 treasury shares (1.25% of total outstanding shares). The cancellation will be conducted pursuant to Article 178 of the Companies Act and is scheduled for March 4, 2026. However, it is conditional upon approval of the share consolidation proposal at the extraordinary general shareholders meeting to be held on February 9, 2026.
Impact on Shareholders and Future Outlook
The cancellation of treasury shares will reduce the total number of outstanding shares from approximately 35,635,879 shares before cancellation to 35,188,984 shares. This represents a decrease of 1.25% in shares, which is expected to help suppress shareholder value dilution. The cancellation is coordinated with the effective date of the share consolidation and is positioned as part of the company's ongoing capital policy.
