Hibiya Engineering, Ltd.
Notice Regarding Cancellation of Treasury Stock
Hibiya Sogo Equipment Co., Ltd. will cancel 1,756,321 shares of treasury stock (7.39% of total issued shares) on March 27, 2026. After cancellation, the total number of issued shares will be 22,000,000 shares.
Key Figures
- Number of shares to be cancelled: 1,756,321 shares (7.39% of total issued shares before cancellation)
- Scheduled cancellation date: 2026-03-27
- Total issued shares after cancellation: 22,000,000 shares
AI要約
Overview of Capital Policy
Hibiya Sogo Equipment Co., Ltd. resolved at the Board of Directors meeting held on March 19, 2026, to cancel treasury stock in accordance with Article 178 of the Companies Act. The target for cancellation is 1,756,321 shares of common stock, representing 7.39% of total issued shares before cancellation. The scheduled cancellation date is March 27, 2026, and the total number of issued shares after cancellation will be 22,000,000 shares.
Impact on Shareholders
The cancellation of treasury stock will reduce the total number of issued shares, which is expected to enhance the value per share. Although specific purposes or uses of funds are not stated, this is considered part of a capital policy aimed at enhancing shareholder value. The effect of eliminating dilution caused by cancellation is anticipated, marking the measure as a noteworthy long-term shareholder return strategy.
