Idemitsu Kosan Co.,Ltd.
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)
On April 30, 2026, 65,529,800 shares (5.1% of the total issued shares) of treasury stock will be cancelled, resulting in a total of 1,223,217,590 shares outstanding after cancellation.
Key Figures
- Total number of shares to be cancelled: 65,529,800 shares (5.1% of total issued shares)
- Scheduled cancellation date: 2026-04-30
- Total shares outstanding after cancellation: 1,223,217,590 shares
AI要約
Overview of Capital Policy
At the Board of Directors meeting held on April 21, 2026, Idemitsu Kosan Co., Ltd. resolved to cancel 65,529,800 shares of treasury stock (5.1% of the total issued shares) in accordance with the provisions of Article 178 of the Companies Act. The scheduled cancellation date is April 30, 2026, and the total shares outstanding after cancellation will be 1,223,217,590 shares. The shares to be cancelled are the Company's common shares.
Impact on Shareholders
The cancellation of treasury stock will reduce the total number of shares outstanding, which is expected to enhance the value per share. There are no statements regarding the use of funds related to the cancellation or specific financial impacts, but this is considered part of the capital policy aimed at enhancing shareholder value.
Idemitsu Kosan Co., Ltd.
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