Nissan Chemical Corporation
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)
Nissan Chemical Corporation resolved to cancel 1,000,000 shares of treasury stock (0.74% of total shares issued before cancellation) on March 12, 2026.
Key Figures
- Number of shares to be cancelled: 1,000,000 shares (0.74% of total shares issued before cancellation)
- Scheduled cancellation date: 2026-03-12
- Total shares issued after cancellation: 134,800,000 shares (including treasury stock)
AI要約
Overview of Treasury Stock Cancellation
At the Board of Directors meeting held on February 26, 2026, Nissan Chemical Corporation resolved to cancel 1,000,000 shares of treasury stock based on the provisions of Article 178 of the Companies Act. The number of shares to be cancelled corresponds to 0.74% of the total shares issued before cancellation, and the scheduled cancellation date is March 12, 2026. After cancellation, the total number of shares issued will be 134,800,000 shares (including treasury stock).
Impact on Shareholders
This treasury stock cancellation will reduce the total number of shares issued, which is expected to enhance the value per share. The number of shares cancelled represents 0.74% of the total shares, contributing to the suppression of dilution. No details regarding the use of funds or other specifics are provided.
