Toyo Engineering Corporation
Notice Regarding Cancellation of Treasury Stock
As of March 31, 2026, 14,030,100 Class A Preferred Shares (69.22% of the total outstanding shares) will be canceled, resulting in 6,240,200 Class A Preferred Shares outstanding after cancellation.
Key Figures
- Number of Class A Preferred Shares to be canceled: 14,030,100 shares (69.22% of outstanding shares before cancellation)
- Effective date of cancellation: 2026-03-31
- Total outstanding Common Shares after cancellation: 52,588,607 shares
AI要約
Overview of Capital Policy
Toyo Engineering Corporation has resolved to cancel treasury stock pursuant to Article 178 of the Companies Act by written resolution in lieu of a board meeting on March 23, 2026. The subject shares are Class A Preferred Shares, with 14,030,100 shares to be canceled, representing 69.22% of the total Class A Preferred Shares outstanding prior to cancellation. The effective date of cancellation is March 31, 2026.
Impact on Shareholders
After cancellation, the number of outstanding shares will be 52,588,607 Common Shares and 6,240,200 Class A Preferred Shares. This will result in a significant reduction in outstanding Class A Preferred Shares and a change in capital structure, while the number of outstanding Common Shares remains unchanged. No specific details on use of funds or purpose are provided.
Toyo Engineering Corporation
Company overview · Stock price · Financial data · All IR
