MEGMILK SNOW BRAND Co.,Ltd.
Notice Regarding Cancellation of Treasury Stock
Megmilk Snow Brand Co., Ltd. has resolved to cancel 6,916,400 shares of treasury stock (9.8% of total outstanding shares) as of March 31, 2026.
Key Figures
- Number of Shares to be Cancelled: 6,916,400 shares (9.8% of total shares outstanding)
- Scheduled Cancellation Date: 2026-03-31
- Total Shares Outstanding After Cancellation: 63,835,455 shares
AI要約
Overview of Treasury Stock Cancellation
At the board of directors meeting held on March 24, 2026, Megmilk Snow Brand Co., Ltd. resolved to cancel 6,916,400 shares of treasury stock based on Article 178 of the Companies Act. The shares subject to cancellation are treasury stock acquired between May 15, 2025, and March 13, 2026, with the scheduled cancellation date set for March 31, 2026. The number of shares to be cancelled represents 9.8% of the total shares outstanding.
Impact on Shareholders
Following this treasury stock cancellation, the total number of shares outstanding will be 63,835,455 shares. This action is expected to enhance per-share value and improve capital efficiency as part of shareholder returns, although specific details regarding the use of funds or impact on business performance are not provided.
