Nitto Denko Corporation
Notice Regarding Cancellation of Treasury Shares
The Board of Directors resolved to cancel a portion of treasury shares. The number of shares to be cancelled is 15,472,050 shares, representing 2.28% of the total number of issued shares. The scheduled cancellation date is October 20, 2026. This follows an increase in held treasury shares due to repurchases conducted from April to August; the basic policy is to retain shares with clearly defined uses and cancel the portion exceeding that.
Key Figures
- Number of shares to be cancelled: 15,472,050 shares
- Total issued shares after cancellation: 663,187,650 shares
- Cancellation ratio: 2.28%
AI要約
Background and Resolution
Nitto Denko Corporation resolved on September 30, 2026 to cancel a portion of its treasury shares based on its basic policy regarding holding and cancellation of treasury shares. The decision follows an increase in held treasury shares resulting from share repurchases conducted from April to August. Specifically, 15,472,050 ordinary shares are scheduled to be cancelled. The cancellation date is October 20, 2026.
Impact and Future Policy
The total number of issued shares after the cancellation will be 663,187,650 shares. The cancellation is in line with the basic policy of retaining treasury shares that have clearly specified uses and cancelling the portion that exceeds those needs. This may contribute to mitigating shareholder dilution for investors.
Nitto Denko Corporation
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