Neturen Co., Ltd.
Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on the Provisions of Article 178 of the Companies Act)
Scheduled cancellation of 1,690,000 shares of treasury stock (4.90% of the total outstanding shares) on March 19, 2026. The total number of shares outstanding after cancellation will be 32,805,400 shares.
Key Figures
- Number of shares to be canceled: 1,690,000 shares (Proportion to total shares outstanding before cancellation: 4.90%)
- Scheduled cancellation date: March 19, 2026
- Total shares outstanding after cancellation: 32,805,400 shares
AI要約
Overview of Treasury Stock Cancellation
At the Board of Directors meeting held on March 6, 2026, High Frequency Heat Treatment Co., Ltd. resolved to cancel 1,690,000 shares of treasury stock pursuant to Article 178 of the Companies Act. The shares to be canceled are our common shares, with the scheduled cancellation date set for March 19, 2026. The proportion to shares outstanding before cancellation corresponds to 4.90%.
Impact on Shareholders and Future Outlook
Following cancellation, the total shares outstanding will be 32,805,400 shares, and the number of treasury shares is expected to decrease to 200,665 shares (0.61% of total shares outstanding). This will suppress share dilution and is expected to enhance shareholder value. The number of treasury shares after cancellation is calculated based on the treasury stock count as of February 28, 2026.
Neturen Co., Ltd.
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