Toho Titanium Company, Limited
【Toho Titanium】Notice of Share Cancellation｜2026-05-14
Toho Titanium has resolved to cancel approximately 84,813 shares of treasury stock (about 0.12% of total issued shares) on June 1, 2026. This measure is related to the share exchange with JX Metals following its full acquisition of the company.
Key Figures
- Number of treasury shares: 84,813 shares (as of March 31, 2026)
- Total issued shares: 71,270,910 shares
- Scheduled cancellation date: 2026-06-01
AI要約
Share Cancellation
Toho Titanium resolved to cancel approximately 84,813 shares of treasury stock on June 1, 2026. This action is based on the share exchange agreement signed with JX Metals in February 2026, with the cancellation occurring as a precondition for JX Metals acquiring all of the company's shares via the share exchange on the same day. The share cancellation aims to adjust the number of outstanding shares and improve capital efficiency.
Impact on Shareholders and Future Outlook
This share cancellation is intended to improve capital efficiency and enhance shareholder value. With JX Metals becoming a wholly owned subsidiary, integration of business operations and management efficiency are expected. Moving forward, the company aims to continue its capital policy with a focus on shareholder returns and capital efficiency improvement, while closely monitoring future developments for their impact on performance.
Toho Titanium Co., Ltd.
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